DXC vs GLOB: Correlation
DXC Technology Company (DXC) and Globant S.A. (GLOB) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXC and GLOB?
On 3 years of weekly data the DXC/GLOB correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 1067.7 %².
Within DXC's tracked universe of 16 assets, GLOB comes in at #4 by 3-year correlation. The last year tells two different stories: DXC led by 17.7 percentage points, -23.1% for DXC against -40.8% for GLOB.
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.
DXC vs GLOB: side by side
| DXC (DXC Technology Company) | GLOB (Globant S.A.) | |
|---|---|---|
| 1-year return | -23.1% | -40.8% |
| 5-year return | -69.7% | -87.5% |
| Volatility (ann.) | 39.0% | 50.9% |
| Beta vs S&P 500 | 0.97 | 1.27 |
| Max drawdown (3Y) | -67.2% | -88.9% |
| Market cap | $1.8B | $1.7B |
| P/E (trailing) | 14.3 | 15.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXC | GLOB |
|---|---|---|
| 2022 | -17.7% | -46.5% |
| 2023 | -13.7% | +41.5% |
| 2024 | -12.6% | -9.9% |
| 2025 | -26.7% | -69.5% |
| 2026 | -24.9% | -38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXC and GLOB good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DXC and GLOB?
The DXC/GLOB correlation stands at 0.54 on a 3-year window (1 year: 0.64, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is GLOB a good diversifier for DXC?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/dxc-vs-glob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxc-vs-glob/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXC correlations · GLOB correlations
