CTSH vs GIB: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and CGI Inc. (GIB) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and GIB?
Across a 3-year window, the weekly returns of CTSH and GIB correlate at 0.72, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 542.1 %².
In CTSH's tracked universe of 44 assets, GIB sits right near the top at #2. On 12-month performance CTSH holds a 12.6-point edge, -9.8% against -22.4%.
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.
CTSH vs GIB: side by side
| CTSH (Cognizant) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -22.4% |
| 5-year return | -9.6% | -16.0% |
| Volatility (ann.) | 32.3% | 23.3% |
| Beta vs S&P 500 | 0.89 | 0.57 |
| Max drawdown (3Y) | -56.1% | -49.6% |
| Market cap | $28.7B | $15.4B |
| P/E (trailing) | 13.3 | 12.6 |
| Dividend yield | 2.09% | 0.90% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | GIB |
|---|---|---|
| 2022 | -34.5% | -2.7% |
| 2023 | +34.4% | +24.5% |
| 2024 | +3.5% | +2.1% |
| 2025 | +9.7% | -15.3% |
| 2026 | -21.8% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and GIB good diversifiers for each other?
Only partially. A correlation of 0.72 means CTSH and GIB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTSH and GIB?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.79 over the last year and 0.67 over 5 years.
Is GIB a good diversifier for CTSH?
Only partially. A correlation of 0.72 means CTSH and GIB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
A reading of 0.72 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/ctsh-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctsh-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTSH correlations · GIB correlations
