CNXC vs GIB: Correlation
How closely do Concentrix Corporation (CNXC) and CGI Inc. (GIB) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNXC and GIB?
Over the past 3 years, CNXC and GIB moved with a correlation of 0.49, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.49). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 603.6 %².
GIB is one of the assets that tracks CNXC most closely: it ranks #2 out of the 11 assets we track against CNXC. The last year tells two different stories: GIB led by 19.5 percentage points, -41.9% for CNXC against -22.4% for GIB. Risk is not evenly split, since CNXC carries 2.3 times the volatility of the other side.
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.
CNXC vs GIB: side by side
| CNXC (Concentrix Corporation) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | -41.9% | -22.4% |
| 5-year return | -81.9% | -16.0% |
| Volatility (ann.) | 52.6% | 23.3% |
| Beta vs S&P 500 | 1.27 | 0.57 |
| Max drawdown (3Y) | -78.5% | -49.6% |
| Market cap | $1.7B | $15.4B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 5.07% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNXC | GIB |
|---|---|---|
| 2022 | -24.9% | -2.7% |
| 2023 | -25.4% | +24.5% |
| 2024 | -55.0% | +2.1% |
| 2025 | -1.4% | -15.3% |
| 2026 | -29.6% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNXC and GIB good diversifiers for each other?
Reasonably. At 0.49, CNXC and GIB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNXC and GIB?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.65 over the last year and 0.46 over 5 years.
Is GIB a good diversifier for CNXC?
Reasonably. At 0.49, CNXC and GIB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/cnxc-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnxc-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNXC correlations · GIB correlations
