EPAM vs GLOB: Correlation
How closely do EPAM Systems, Inc. (EPAM) and Globant S.A. (GLOB) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAM and GLOB?
Across a 3-year window, the weekly returns of EPAM and GLOB correlate at 0.69, strong. The past 12 months show a tighter link (0.81) than the 3-year average (0.69). Stretching to 5 years gives 0.66, with an annualized covariance of 1659.6 %².
Few assets follow EPAM as closely as GLOB, which ranks #2 of 16 tracked partners. The trailing year gives EPAM the advantage: -35.0% versus -40.8%, a 5.8-point spread.
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 GLOB: side by side
| EPAM (EPAM Systems, Inc.) | GLOB (Globant S.A.) | |
|---|---|---|
| 1-year return | -35.0% | -40.8% |
| 5-year return | -82.3% | -87.5% |
| Volatility (ann.) | 47.0% | 50.9% |
| Beta vs S&P 500 | 0.98 | 1.27 |
| Max drawdown (3Y) | -75.8% | -88.9% |
| Market cap | $5.8B | $1.7B |
| P/E (trailing) | 14.8 | 15.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAM | GLOB |
|---|---|---|
| 2022 | -51.0% | -46.5% |
| 2023 | -9.3% | +41.5% |
| 2024 | -21.4% | -9.9% |
| 2025 | -12.4% | -69.5% |
| 2026 | -45.0% | -38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAM and GLOB good diversifiers for each other?
Only partially. A correlation of 0.69 means EPAM and GLOB 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 EPAM and GLOB?
The EPAM/GLOB correlation stands at 0.69 on a 3-year window (1 year: 0.81, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is GLOB a good diversifier for EPAM?
Only partially. A correlation of 0.69 means EPAM and GLOB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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-glob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epam-vs-glob/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPAM correlations · GLOB correlations
