RPD vs WDAY: Correlation
Measured on weekly returns over the past three years, Rapid7, Inc. (RPD) and Workday, Inc. (WDAY) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPD and WDAY?
Over the past 3 years, RPD and WDAY moved with a correlation of 0.57, which is moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.57). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 1285.4 %².
Within RPD's tracked universe of 29 assets, WDAY comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WDAY outperformed by 19.0 percentage points (-34.7% for RPD against -15.7% for WDAY).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
RPD vs WDAY: side by side
| RPD (Rapid7, Inc.) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -34.7% | -15.7% |
| 5-year return | -88.9% | -28.7% |
| Volatility (ann.) | 56.3% | 40.0% |
| Beta vs S&P 500 | 1.42 | 1.09 |
| Max drawdown (3Y) | -91.8% | -63.4% |
| Market cap | $0.9B | $47.8B |
| P/E (trailing) | 37.5 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RPD | WDAY |
|---|---|---|
| 2022 | -71.1% | -38.7% |
| 2023 | +68.0% | +65.0% |
| 2024 | -29.5% | -6.5% |
| 2025 | -62.2% | -16.8% |
| 2026 | -11.2% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPD and WDAY good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RPD and WDAY?
The RPD/WDAY correlation stands at 0.57 on a 3-year window (1 year: 0.67, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is WDAY a good diversifier for RPD?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rpd-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rpd-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RPD correlations · WDAY correlations
