CXM vs GBLI: Correlation
Measured on weekly returns over the past three years, Sprinklr, Inc. (CXM) and Global Indemnity Group, LLC - Class A (GBLI) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXM and GBLI?
Over the past 3 years, CXM and GBLI moved with a correlation of 0.29, which is weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.29 over 3. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 264.5 %².
By 3-year correlation, GBLI places #8 of the 13 assets tracked against CXM. On 12-month performance GBLI holds a 12.1-point edge, -8.3% against +3.8%. One caveat on sizing: CXM is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CXM vs GBLI: side by side
| CXM (Sprinklr, Inc.) | GBLI (Global Indemnity Group, LLC - Class A) | |
|---|---|---|
| 1-year return | -8.3% | +3.8% |
| 5-year return | -49.6% | +37.0% |
| Volatility (ann.) | 40.4% | 22.2% |
| Beta vs S&P 500 | 0.91 | 0.09 |
| Max drawdown (3Y) | -71.1% | -28.4% |
| Market cap | – | $0.4B |
| P/E (trailing) | 61.1 | 12.1 |
| Dividend yield | 0.00% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXM | GBLI |
|---|---|---|
| 2022 | -48.5% | -3.4% |
| 2023 | +47.4% | +42.8% |
| 2024 | -29.8% | +16.6% |
| 2025 | -7.9% | -17.6% |
| 2026 | +2.1% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXM and GBLI good diversifiers for each other?
Reasonably. At 0.29, CXM and GBLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CXM and GBLI?
As of 2026-08-27, the correlation of weekly returns between CXM and GBLI is 0.29 over 3 years, 0.23 over 1 year and 0.12 over 5 years.
Is GBLI a good diversifier for CXM?
Reasonably. At 0.29, CXM and GBLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/cxm-vs-gbli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxm-vs-gbli/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CXM correlations · GBLI correlations
