CHKP vs IBM: Correlation
How closely do Check Point Software Technologies Ltd. (CHKP) and IBM (IBM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHKP and IBM?
Across a 3-year window, the weekly returns of CHKP and IBM correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 417.0 %².
Within CHKP's tracked universe of 12 assets, IBM comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBM outperformed by 30.2 percentage points (-30.1% for CHKP against +0.1% for IBM).
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.
CHKP vs IBM: side by side
| CHKP (Check Point Software Technologies Ltd.) | IBM (IBM) | |
|---|---|---|
| 1-year return | -30.1% | +0.1% |
| 5-year return | +5.2% | +117.6% |
| Volatility (ann.) | 29.0% | 34.7% |
| Beta vs S&P 500 | 0.41 | 0.78 |
| Max drawdown (3Y) | -51.8% | -37.5% |
| Market cap | $13.6B | $225.0B |
| P/E (trailing) | 13.2 | 20.4 |
| Dividend yield | 0.00% | 2.93% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CHKP | IBM |
|---|---|---|
| 2022 | +8.2% | +10.6% |
| 2023 | +21.1% | +21.8% |
| 2024 | +22.2% | +39.3% |
| 2025 | -0.6% | +38.2% |
| 2026 | -28.2% | -17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHKP and IBM good diversifiers for each other?
Reasonably. At 0.41, CHKP and IBM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHKP and IBM?
As of 2026-08-27, the correlation of weekly returns between CHKP and IBM is 0.41 over 3 years, 0.36 over 1 year and 0.37 over 5 years.
Is IBM a good diversifier for CHKP?
Reasonably. At 0.41, CHKP and IBM keep a meaningful degree of independence, and combining them has historically reduced portfolio 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/chkp-vs-ibm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chkp-vs-ibm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHKP correlations · IBM correlations
