BSX vs IT: Correlation
How closely do Boston Scientific (BSX) and Gartner (IT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSX and IT?
Over the past 3 years, BSX and IT moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 473.7 %².
Among the 33 assets we track against BSX, IT ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IT outperformed by 35.7 percentage points (-55.9% for BSX against -20.2% for IT). Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.64.
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.
BSX vs IT: side by side
| BSX (Boston Scientific) | IT (Gartner) | |
|---|---|---|
| 1-year return | -55.9% | -20.2% |
| 5-year return | +4.1% | -36.0% |
| Volatility (ann.) | 27.6% | 40.6% |
| Beta vs S&P 500 | 0.72 | 0.92 |
| Max drawdown (3Y) | -60.6% | -77.2% |
| Market cap | $67.6B | $12.4B |
| P/E (trailing) | 19.5 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | BSX | IT |
|---|---|---|
| 2022 | +8.9% | +0.5% |
| 2023 | +24.9% | +34.2% |
| 2024 | +54.5% | +7.4% |
| 2025 | +6.8% | -47.9% |
| 2026 | -51.1% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSX and IT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BSX and IT?
The BSX/IT correlation stands at 0.42 on a 3-year window (1 year: 0.43, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is IT a good diversifier for BSX?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BSX correlations · IT correlations
