WDAY vs WK: Correlation
Workday, Inc. (WDAY) and Workiva Inc. (WK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WDAY and WK?
Across a 3-year window, the weekly returns of WDAY and WK correlate at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.49 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 780.9 %².
Among the 46 assets we track against WDAY, WK ranks #28 by 3-year correlation. The trailing year gives WK the advantage: -15.7% versus -3.4%, a 12.3-point spread.
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.
WDAY vs WK: side by side
| WDAY (Workday, Inc.) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | -15.7% | -3.4% |
| 5-year return | -28.7% | -46.1% |
| Volatility (ann.) | 40.0% | 40.0% |
| Beta vs S&P 500 | 1.09 | 0.72 |
| Max drawdown (3Y) | -63.4% | -61.4% |
| Market cap | $47.8B | $4.2B |
| P/E (trailing) | 59.6 | 92.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | WDAY | WK |
|---|---|---|
| 2022 | -38.7% | -35.7% |
| 2023 | +65.0% | +20.9% |
| 2024 | -6.5% | +7.8% |
| 2025 | -16.8% | -21.2% |
| 2026 | -9.9% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WDAY and WK good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between WDAY and WK?
The WDAY/WK correlation stands at 0.49 on a 3-year window (1 year: 0.72, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is WK a good diversifier for WDAY?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/wday-vs-wk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/wday-vs-wk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: WDAY correlations · WK correlations
