EVC vs GBTG: Correlation
How closely do Entravision Communications Corporation (EVC) and Global Business Travel Group, Inc. (GBTG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and GBTG?
Across a 3-year window, the weekly returns of EVC and GBTG correlate at 0.56, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.56 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 2334.1 %².
In EVC's tracked universe of 19 assets, GBTG sits right near the top at #1. Correlation aside, the last 12 months split them widely, with EVC ahead by 217.3 points (+232.1% versus +14.8%). One caveat on sizing: EVC is 1.6 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.
EVC vs GBTG: side by side
| EVC (Entravision Communications Corporation) | GBTG (Global Business Travel Group, Inc.) | |
|---|---|---|
| 1-year return | +232.1% | +14.8% |
| 5-year return | +53.1% | n/a |
| Volatility (ann.) | 82.5% | 50.5% |
| Beta vs S&P 500 | 0.94 | 1.39 |
| Max drawdown (3Y) | -67.4% | -48.0% |
| Market cap | $0.7B | $4.9B |
| P/E (trailing) | 404.5 | 59.1 |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | GBTG |
|---|---|---|
| 2022 | -27.8% | – |
| 2023 | -9.2% | -4.4% |
| 2024 | -37.6% | +43.9% |
| 2025 | +35.8% | -17.6% |
| 2026 | +182.3% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and GBTG good diversifiers for each other?
To a limited degree. At 0.56 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 EVC and GBTG?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.73 over the last year and 0.46 over 5 years.
Is GBTG a good diversifier for EVC?
To a limited degree. At 0.56 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 0.56 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/evc-vs-gbtg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evc-vs-gbtg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVC correlations · GBTG correlations
