DOX vs GIB: Correlation
How closely do Amdocs Limited (DOX) and CGI Inc. (GIB) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and GIB?
Across a 3-year window, the weekly returns of DOX and GIB correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 297.8 %².
By 3-year correlation, GIB places #4 of the 22 assets tracked against DOX. Twelve-month performance is nearly a tie, at -25.6% for DOX and -22.4% for GIB.
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.
DOX vs GIB: side by side
| DOX (Amdocs Limited) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | -25.6% | -22.4% |
| 5-year return | -8.4% | -16.0% |
| Volatility (ann.) | 21.3% | 23.3% |
| Beta vs S&P 500 | 0.54 | 0.57 |
| Max drawdown (3Y) | -45.5% | -49.6% |
| Market cap | $6.5B | $15.4B |
| P/E (trailing) | 14.8 | 12.6 |
| Dividend yield | 3.52% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOX | GIB |
|---|---|---|
| 2022 | +23.8% | -2.7% |
| 2023 | -1.4% | +24.5% |
| 2024 | -0.9% | +2.1% |
| 2025 | -3.1% | -15.3% |
| 2026 | -20.6% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and GIB good diversifiers for each other?
Only partially. A correlation of 0.60 means DOX 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 DOX and GIB?
The DOX/GIB correlation stands at 0.60 on a 3-year window (1 year: 0.70, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is GIB a good diversifier for DOX?
Only partially. A correlation of 0.60 means DOX 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 0.60 mean?
A reading of 0.60 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/dox-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dox-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOX correlations · GIB correlations
