EPAM vs GIB: Correlation
How closely do EPAM Systems, Inc. (EPAM) and CGI Inc. (GIB) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAM and GIB?
Over the past 3 years, EPAM and GIB moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 642.2 %².
Within EPAM's tracked universe of 16 assets, GIB comes in at #4 by 3-year correlation. The trailing year gives GIB the advantage: -35.0% versus -22.4%, a 12.6-point spread. One caveat on sizing: EPAM is 2.0 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.
EPAM vs GIB: side by side
| EPAM (EPAM Systems, Inc.) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | -35.0% | -22.4% |
| 5-year return | -82.3% | -16.0% |
| Volatility (ann.) | 47.0% | 23.3% |
| Beta vs S&P 500 | 0.98 | 0.57 |
| Max drawdown (3Y) | -75.8% | -49.6% |
| Market cap | $5.8B | $15.4B |
| P/E (trailing) | 14.8 | 12.6 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAM | GIB |
|---|---|---|
| 2022 | -51.0% | -2.7% |
| 2023 | -9.3% | +24.5% |
| 2024 | -21.4% | +2.1% |
| 2025 | -12.4% | -15.3% |
| 2026 | -45.0% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAM and GIB good diversifiers for each other?
To a limited degree. At 0.59 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 EPAM and GIB?
As of 2026-08-27, the correlation of weekly returns between EPAM and GIB is 0.59 over 3 years, 0.68 over 1 year and 0.51 over 5 years.
Is GIB a good diversifier for EPAM?
To a limited degree. At 0.59 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 0.59 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/epam-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epam-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPAM correlations · GIB correlations
