ACN vs GLOB: Correlation
How closely do Accenture (ACN) and Globant S.A. (GLOB) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and GLOB?
Over the past 3 years, ACN and GLOB moved with a correlation of 0.66, which is strong. The past 12 months show a tighter link (0.84) than the 3-year average (0.66). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 1090.5 %².
Within ACN's tracked universe of 37 assets, GLOB comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACN outperformed by 15.2 percentage points (-25.6% for ACN against -40.8% for GLOB). Risk is not evenly split, since GLOB carries 1.6 times the volatility of the other side.
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.
ACN vs GLOB: side by side
| ACN (Accenture) | GLOB (Globant S.A.) | |
|---|---|---|
| 1-year return | -25.6% | -40.8% |
| 5-year return | -39.6% | -87.5% |
| Volatility (ann.) | 32.6% | 50.9% |
| Beta vs S&P 500 | 0.69 | 1.27 |
| Max drawdown (3Y) | -68.2% | -88.9% |
| Market cap | $114.7B | $1.7B |
| P/E (trailing) | 14.5 | 15.2 |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ACN | GLOB |
|---|---|---|
| 2022 | -34.8% | -46.5% |
| 2023 | +33.6% | +41.5% |
| 2024 | +1.9% | -9.9% |
| 2025 | -22.6% | -69.5% |
| 2026 | -28.7% | -38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and GLOB good diversifiers for each other?
Only partially. A correlation of 0.66 means ACN and GLOB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACN and GLOB?
The ACN/GLOB correlation stands at 0.66 on a 3-year window (1 year: 0.84, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is GLOB a good diversifier for ACN?
Only partially. A correlation of 0.66 means ACN and GLOB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acn-vs-glob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acn-vs-glob/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACN correlations · GLOB correlations
