GWRE vs. PCOR

Last updated Jun 4, 2026

GWRE (Guidewire Software, Inc.) and PCOR (Procore Technologies, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, GWRE returned 8.25%/yr vs -9.02%/yr for PCOR. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

GWRE vs. PCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guidewire Software, Inc. (GWRE) and Procore Technologies, Inc. (PCOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GWRE achieves a -22.88% return, which is significantly higher than PCOR's -30.37% return.

GWRE

• 1D: -4.75%
• 1M: 7.97%
• YTD: -22.88%
• 6M: -28.16%
• 1Y: -28.95%
• 3Y*: 29.80%
• 5Y*: 8.25%
• 10Y*: 9.78%

PCOR

• 1D: -3.89%
• 1M: -18.44%
• YTD: -30.37%
• 6M: -33.29%
• 1Y: -24.78%
• 3Y*: -7.10%
• 5Y*: -9.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GWRE vs. PCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GWRE Guidewire Software, Inc.	-22.88%	19.24%	54.60%	74.30%	-44.90%	17.01%
PCOR Procore Technologies, Inc.	-30.37%	-2.92%	8.25%	46.71%	-41.00%	-9.13%

Correlation

The correlation between GWRE and PCOR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.57

The correlation between GWRE and PCOR has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

Fundamentals

Market Cap GWRE : $13.38B PCOR : $7.65B
EPS GWRE : $2.19 PCOR : -$0.51
PS Ratio GWRE : 9.98 PCOR : 5.56
PB Ratio GWRE : 8.86 PCOR : 6.37
Total Revenue (TTM) GWRE : $1.34B PCOR : $1.37B
Gross Profit (TTM) GWRE : $855.55M PCOR : $1.09B
EBITDA (TTM) GWRE : $201.21M PCOR : $3.80M

Return for Risk

GWRE vs. PCOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GWRE

GWRE Risk / Return Rank: 19
GWRE Sharpe Ratio Rank: 16
GWRE Sortino Ratio Rank: 16
GWRE Omega Ratio Rank: 17
GWRE Calmar Ratio Rank: 22
GWRE Martin Ratio Rank: 22

PCOR

PCOR Risk / Return Rank: 19
PCOR Sharpe Ratio Rank: 19
PCOR Sortino Ratio Rank: 20
PCOR Omega Ratio Rank: 20
PCOR Calmar Ratio Rank: 20
PCOR Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GWRE vs. PCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guidewire Software, Inc. (GWRE) and Procore Technologies, Inc. (PCOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GWRE	PCOR	Difference
Sharpe ratio Return per unit of total volatility	-0.57	-0.52	-0.05
Sortino ratio Return per unit of downside risk	-0.67	-0.46	-0.21
Omega ratio Gain probability vs. loss probability	0.92	0.94	-0.02
Calmar ratio Return relative to maximum drawdown	-0.53	-0.59	+0.06
Martin ratio Return relative to average drawdown	-0.95	-1.20	+0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GWRE vs. PCOR - Sharpe Ratio Comparison

The current GWRE Sharpe Ratio is -0.57, which is comparable to the PCOR Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of GWRE and PCOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GWRE	PCOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	-0.52	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	-0.18	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	-0.21	+0.67

Drawdowns

GWRE vs. PCOR - Drawdown Comparison

The maximum GWRE drawdown since its inception was -60.28%, roughly equal to the maximum PCOR drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for GWRE and PCOR.

Drawdown Indicators

	GWRE	PCOR	Difference
Max Drawdown Largest peak-to-trough decline	-60.28%	-61.70%	+1.42%
Max Drawdown (1Y) Largest decline over 1 year	-54.96%	-42.22%	-12.74%
Max Drawdown (3Y) Largest decline over 3 years	-54.96%	-47.93%	-7.03%
Max Drawdown (5Y) Largest decline over 5 years	-58.81%	-61.70%	+2.89%
Max Drawdown (10Y) Largest decline over 10 years	-60.28%	—	—
Current Drawdown Current decline from peak	-40.81%	-52.19%	+11.38%
Average Drawdown Average peak-to-trough decline	-15.58%	-36.74%	+21.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.67%	20.62%	+10.05%

Volatility

GWRE vs. PCOR - Volatility Comparison

Guidewire Software, Inc. (GWRE) has a higher volatility of 22.73% compared to Procore Technologies, Inc. (PCOR) at 21.24%. This indicates that GWRE's price experiences larger fluctuations and is considered to be riskier than PCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GWRE	PCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.73%	21.24%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	41.22%	39.17%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	51.23%	48.31%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.99%	49.29%	-10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.46%	49.31%	-13.85%

Dividends

GWRE vs. PCOR - Dividend Comparison

Neither GWRE nor PCOR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

GWRE vs. PCOR - Profitability Comparison

The chart below illustrates the profitability comparison between Guidewire Software, Inc. and Procore Technologies, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GWRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Guidewire Software, Inc. reported a gross profit of 231.52M and revenue of 359.10M. Therefore, the gross margin over that period was 64.5%.

PCOR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Procore Technologies, Inc. reported a gross profit of 287.79M and revenue of 359.28M. Therefore, the gross margin over that period was 80.1%.

GWRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Guidewire Software, Inc. reported an operating income of 38.44M and revenue of 359.10M, resulting in an operating margin of 10.7%.

PCOR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Procore Technologies, Inc. reported an operating income of -15.67M and revenue of 359.28M, resulting in an operating margin of -4.4%.

GWRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Guidewire Software, Inc. reported a net income of 60.11M and revenue of 359.10M, resulting in a net margin of 16.7%.

PCOR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Procore Technologies, Inc. reported a net income of -9.10M and revenue of 359.28M, resulting in a net margin of -2.5%.

Frequently Asked Questions

Can I hold both GWRE and PCOR in my portfolio?

GWRE and PCOR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GWRE or PCOR?

GWRE has higher volatility (22.73%) compared to PCOR (21.24%). In terms of maximum drawdown, GWRE dropped -60.28% vs PCOR's -61.70%.

Which has better risk-adjusted returns?

PCOR currently has the higher Sharpe Ratio (-0.52 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.