WDAY vs. MANH
WDAY (Workday, Inc.) and MANH (Manhattan Associates, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, WDAY returned 7.15%/yr vs 12.74%/yr for MANH. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
WDAY vs. MANH - Performance Comparison
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Returns By Period
In the year-to-date period, WDAY achieves a -25.35% return, which is significantly lower than MANH's 10.41% return. Over the past 10 years, WDAY has underperformed MANH with an annualized return of 7.15%, while MANH has yielded a comparatively higher 12.74% annualized return.
WDAY
- 1D
- 1.41%
- 1M
- 23.08%
- 6M
- -8.71%
- YTD
- -25.35%
- 1Y
- -30.10%
- 3Y*
- -12.56%
- 5Y*
- -7.31%
- 10Y*
- 7.15%
- ALL TIME*
- 9.13%
MANH
- 1D
- 0.20%
- 1M
- 30.70%
- 6M
- 26.72%
- YTD
- 10.41%
- 1Y
- -12.88%
- 3Y*
- -0.04%
- 5Y*
- 3.69%
- 10Y*
- 12.74%
- ALL TIME*
- 12.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $192.14M | $150.10M | $107.01M | |
WDAY Workday, Inc. | $770.79M | $685.96M | $691.12M |
WDAY vs. MANH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDAY Workday, Inc. | -25.35% | -16.76% | -6.53% | 64.98% | -38.75% | 14.01% | 45.70% | 2.99% | 56.95% | 53.94% |
MANH Manhattan Associates, Inc. | 10.41% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
Correlation
The correlation between WDAY and MANH is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012 | 0.51 |
The correlation between WDAY and MANH shifts across timeframes, from 0.51 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WDAY:
$42.00B
MANH:
$11.32B
WDAY:
$3.23
MANH:
$3.49
WDAY:
49.69
MANH:
54.88
WDAY:
0.03
MANH:
2.61
WDAY:
4.27
MANH:
10.24
WDAY:
6.10
MANH:
72.31
WDAY:
$9.85B
MANH:
$1.13B
WDAY:
$7.66B
MANH:
$301.44M
WDAY:
$1.57B
MANH:
$290.03M
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Return for Risk
WDAY vs. MANH — Risk / Return Rank
WDAY
MANH
WDAY vs. MANH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Workday, Inc. (WDAY) and Manhattan Associates, Inc. (MANH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WDAY | MANH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.99 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.29 | -0.27 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.47 | -0.43 |
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Drawdowns
WDAY vs. MANH - Drawdown Comparison
The maximum WDAY drawdown since its inception was -63.38%, smaller than the maximum MANH drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for WDAY and MANH.
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Drawdown Indicators
| WDAY | MANH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.38% | -87.04% | +23.66% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -45.10% | -9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -63.38% | -60.98% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -63.38% | -60.98% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -63.38% | -60.98% | -2.40% |
Current DrawdownCurrent decline from peak | -47.81% | -38.23% | -9.58% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -39.54% | +18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.34% | 27.44% | +5.90% |
Volatility
WDAY vs. MANH - Volatility Comparison
The current volatility for Workday, Inc. (WDAY) is 19.91%, while Manhattan Associates, Inc. (MANH) has a volatility of 24.18%. This indicates that WDAY experiences smaller price fluctuations and is considered to be less risky than MANH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDAY | MANH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.91% | 24.18% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 43.24% | 40.82% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.57% | 46.73% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.40% | 39.92% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.45% | 40.28% | -0.83% |
Dividends
WDAY vs. MANH - Dividend Comparison
Neither WDAY nor MANH has paid dividends to shareholders.
Financials
WDAY vs. MANH - Financials Comparison
This section allows you to compare key financial metrics between Workday, Inc. and Manhattan Associates, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WDAY vs. MANH - Profitability Comparison
WDAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Workday, Inc. reported a gross profit of 2.13B and revenue of 2.54B. Therefore, the gross margin over that period was 83.8%.
MANH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Manhattan Associates, Inc. reported a gross profit of -155.57M and revenue of 297.79M. Therefore, the gross margin over that period was -52.2%.
WDAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Workday, Inc. reported an operating income of 338.00M and revenue of 2.54B, resulting in an operating margin of 13.3%.
MANH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Manhattan Associates, Inc. reported an operating income of 66.23M and revenue of 297.79M, resulting in an operating margin of 22.2%.
WDAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Workday, Inc. reported a net income of 222.00M and revenue of 2.54B, resulting in a net margin of 8.7%.
MANH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Manhattan Associates, Inc. reported a net income of 50.35M and revenue of 297.79M, resulting in a net margin of 16.9%.
Frequently Asked Questions
WDAY and MANH have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (24.18%) compared to WDAY (19.91%). In terms of maximum drawdown, WDAY dropped -63.38% vs MANH's -87.04%.
MANH currently has the higher Sharpe Ratio (-0.28 vs -0.61), 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.
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