CMCSA vs GIL: Correlation
Measured on weekly returns over the past three years, Comcast (CMCSA) and Gildan Activewear, Inc. Class A Sub. Vot. (GIL) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCSA and GIL?
Across a 3-year window, the weekly returns of CMCSA and GIL correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.48). Stretching to 5 years gives 0.45, with an annualized covariance of 365.3 %².
Within CMCSA's tracked universe of 39 assets, GIL comes in at #6 by 3-year correlation. The trailing year gives GIL the advantage: -12.6% versus -2.6%, a 10.0-point spread.
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.
CMCSA vs GIL: side by side
| CMCSA (Comcast) | GIL (Gildan Activewear, Inc. Class A Sub. Vot.) | |
|---|---|---|
| 1-year return | -12.6% | -2.6% |
| 5-year return | -44.5% | +52.0% |
| Volatility (ann.) | 23.8% | 31.8% |
| Beta vs S&P 500 | 0.48 | 1.02 |
| Max drawdown (3Y) | -44.9% | -31.3% |
| Market cap | $93.7B | $9.9B |
| P/E (trailing) | 8.7 | 41.6 |
| Dividend yield | 4.85% | 1.77% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CMCSA | GIL |
|---|---|---|
| 2022 | -28.7% | -33.9% |
| 2023 | +29.1% | +23.6% |
| 2024 | -11.8% | +45.3% |
| 2025 | -17.3% | +34.5% |
| 2026 | -2.2% | -13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCSA and GIL good diversifiers for each other?
Reasonably. At 0.48, CMCSA and GIL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMCSA and GIL?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.63 over the last year and 0.45 over 5 years.
Is GIL a good diversifier for CMCSA?
Reasonably. At 0.48, CMCSA and GIL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/cmcsa-vs-gil.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmcsa-vs-gil/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCSA correlations · GIL correlations
