SKM vs WDAY: Correlation
How closely do SK Telecom Co., Ltd. (SKM) and Workday, Inc. (WDAY) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKM and WDAY?
Across a 3-year window, the weekly returns of SKM and WDAY correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Stretching to 5 years gives -0.08, with an annualized covariance of -296.9 %².
By 3-year correlation, WDAY places #15 of the 26 assets tracked against SKM. Their recent paths diverged sharply: over the last 12 months SKM outperformed by 95.8 percentage points (+80.1% for SKM 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.
SKM vs WDAY: side by side
| SKM (SK Telecom Co., Ltd.) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +80.1% | -15.7% |
| 5-year return | +83.7% | -28.7% |
| Volatility (ann.) | 31.3% | 40.0% |
| Beta vs S&P 500 | 0.32 | 1.09 |
| Max drawdown (3Y) | -35.6% | -63.4% |
| Market cap | $15.2B | $47.8B |
| P/E (trailing) | 29.0 | 59.6 |
| Dividend yield | 4170.85% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | SKM | WDAY |
|---|---|---|
| 2022 | -17.8% | -38.7% |
| 2023 | +11.6% | +65.0% |
| 2024 | +2.9% | -6.5% |
| 2025 | +1.0% | -16.8% |
| 2026 | +92.3% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKM and WDAY good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SKM and WDAY?
The SKM/WDAY correlation stands at -0.24 on a 3-year window (1 year: -0.35, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is WDAY a good diversifier for SKM?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/skm-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/skm-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SKM correlations · WDAY correlations
