EBAY vs GIC: Correlation
eBay Inc. (EBAY) and Global Industrial Company (GIC) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and GIC?
On 3 years of weekly data the EBAY/GIC correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.35 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 362.7 %².
By 3-year correlation, GIC places #12 of the 33 assets tracked against EBAY. Twelve-month performance is nearly a tie, at +10.6% for EBAY and +8.7% for GIC.
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.
EBAY vs GIC: side by side
| EBAY (eBay Inc.) | GIC (Global Industrial Company) | |
|---|---|---|
| 1-year return | +10.6% | +8.7% |
| 5-year return | +43.9% | +21.2% |
| Volatility (ann.) | 28.9% | 35.8% |
| Beta vs S&P 500 | 0.58 | 0.84 |
| Max drawdown (3Y) | -20.7% | -53.2% |
| Market cap | $45.5B | $1.5B |
| P/E (trailing) | 21.9 | 17.8 |
| Dividend yield | 1.15% | 2.74% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EBAY | GIC |
|---|---|---|
| 2022 | -36.5% | -41.0% |
| 2023 | +7.7% | +69.7% |
| 2024 | +44.8% | -34.3% |
| 2025 | +42.7% | +22.4% |
| 2026 | +18.1% | +39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and GIC good diversifiers for each other?
Reasonably. At 0.35, EBAY and GIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EBAY and GIC?
The EBAY/GIC correlation stands at 0.35 on a 3-year window (1 year: 0.22, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is GIC a good diversifier for EBAY?
Reasonably. At 0.35, EBAY and GIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EBAY correlations · GIC correlations
