ADBE vs GTLB: Correlation
How closely do Adobe Inc. (ADBE) and GitLab Inc. (GTLB) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and GTLB?
Over the past 3 years, ADBE and GTLB moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 982.5 %².
Within ADBE's tracked universe of 32 assets, GTLB comes in at #11 by 3-year correlation. On 12-month performance GTLB holds a 13.7-point edge, -18.9% against -5.2%.
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.
ADBE vs GTLB: side by side
| ADBE (Adobe Inc.) | GTLB (GitLab Inc.) | |
|---|---|---|
| 1-year return | -18.9% | -5.2% |
| 5-year return | -56.6% | -56.9% |
| Volatility (ann.) | 35.1% | 52.0% |
| Beta vs S&P 500 | 1.04 | 1.49 |
| Max drawdown (3Y) | -69.5% | -75.0% |
| Market cap | $114.9B | $7.6B |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADBE | GTLB |
|---|---|---|
| 2022 | -40.7% | -47.8% |
| 2023 | +77.3% | +38.6% |
| 2024 | -25.5% | -10.5% |
| 2025 | -21.3% | -33.4% |
| 2026 | -17.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and GTLB good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADBE and GTLB?
The ADBE/GTLB correlation stands at 0.54 on a 3-year window (1 year: 0.61, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is GTLB a good diversifier for ADBE?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/adbe-vs-gtlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adbe-vs-gtlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADBE correlations · GTLB correlations
