AKAM vs GBTG: Correlation
Measured on weekly returns over the past three years, Akamai Technologies (AKAM) and Global Business Travel Group, Inc. (GBTG) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and GBTG?
On 3 years of weekly data the AKAM/GBTG correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 953.5 %².
Among the 30 assets we track against AKAM, GBTG ranks #9 by 3-year correlation. The last year tells two different stories: AKAM led by 27.3 percentage points, +42.1% for AKAM against +14.8% for GBTG.
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.
AKAM vs GBTG: side by side
| AKAM (Akamai Technologies) | GBTG (Global Business Travel Group, Inc.) | |
|---|---|---|
| 1-year return | +42.1% | +14.8% |
| 5-year return | -1.6% | n/a |
| Volatility (ann.) | 45.7% | 50.5% |
| Beta vs S&P 500 | 0.58 | 1.39 |
| Max drawdown (3Y) | -46.8% | -48.0% |
| Market cap | $16.0B | $4.9B |
| P/E (trailing) | 40.3 | 59.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | GBTG |
|---|---|---|
| 2022 | -28.0% | – |
| 2023 | +40.4% | -4.4% |
| 2024 | -19.2% | +43.9% |
| 2025 | -8.8% | -17.6% |
| 2026 | +27.5% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and GBTG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AKAM and GBTG?
As of 2026-08-27, the correlation of weekly returns between AKAM and GBTG is 0.41 over 3 years, 0.50 over 1 year and 0.37 over 5 years.
Is GBTG a good diversifier for AKAM?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akam-vs-gbtg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akam-vs-gbtg/)
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Related comparisons
Hubs: AKAM correlations · GBTG correlations
