WDAY vs ZM: Correlation
Measured on weekly returns over the past three years, Workday, Inc. (WDAY) and Zoom Communications, Inc. (ZM) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WDAY and ZM?
On 3 years of weekly data the WDAY/ZM correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 742.3 %².
Within WDAY's tracked universe of 46 assets, ZM comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZM ahead by 39.6 points (-15.7% versus +23.9%).
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 ZM: side by side
| WDAY (Workday, Inc.) | ZM (Zoom Communications, Inc.) | |
|---|---|---|
| 1-year return | -15.7% | +23.9% |
| 5-year return | -28.7% | -71.1% |
| Volatility (ann.) | 40.0% | 35.5% |
| Beta vs S&P 500 | 1.09 | 0.96 |
| Max drawdown (3Y) | -63.4% | -25.9% |
| Market cap | $47.8B | $29.3B |
| P/E (trailing) | 59.6 | 9.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | WDAY | ZM |
|---|---|---|
| 2022 | -38.7% | -63.2% |
| 2023 | +65.0% | +6.2% |
| 2024 | -6.5% | +13.5% |
| 2025 | -16.8% | +5.7% |
| 2026 | -9.9% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WDAY and ZM good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between WDAY and ZM?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.51 over the last year and 0.49 over 5 years.
Is ZM a good diversifier for WDAY?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-zm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/wday-vs-zm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: WDAY correlations · ZM correlations
