CTSH vs IT: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and Gartner (IT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and IT?
Across a 3-year window, the weekly returns of CTSH and IT correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 657.7 %².
Among the 44 assets we track against CTSH, IT ranks #24 by 3-year correlation. The trailing year gives CTSH the advantage: -9.8% versus -20.2%, a 10.4-point spread. On a rolling one-year basis the correlation drifted between 0.29 and 0.72, a moderate band.
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 IT: side by side
| CTSH (Cognizant) | IT (Gartner) | |
|---|---|---|
| 1-year return | -9.8% | -20.2% |
| 5-year return | -9.6% | -36.0% |
| Volatility (ann.) | 32.3% | 40.6% |
| Beta vs S&P 500 | 0.89 | 0.92 |
| Max drawdown (3Y) | -56.1% | -77.2% |
| Market cap | $28.7B | $12.4B |
| P/E (trailing) | 13.3 | 17.4 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CTSH | IT |
|---|---|---|
| 2022 | -34.5% | +0.5% |
| 2023 | +34.4% | +34.2% |
| 2024 | +3.5% | +7.4% |
| 2025 | +9.7% | -47.9% |
| 2026 | -21.8% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and IT good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTSH and IT?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.51 over the last year and 0.49 over 5 years.
Is IT a good diversifier for CTSH?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctsh-vs-it.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctsh-vs-it/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTSH correlations · IT correlations
