EXLS vs G: Correlation
ExlService Holdings, Inc. (EXLS) and Genpact Limited (G) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and G?
Over the past 3 years, EXLS and G moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 737.1 %².
In EXLS's tracked universe of 47 assets, G sits right near the top at #2. Their 12-month results are close: -13.4% for EXLS against -16.1% for G.
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.
EXLS vs G: side by side
| EXLS (ExlService Holdings, Inc.) | G (Genpact Limited) | |
|---|---|---|
| 1-year return | -13.4% | -16.1% |
| 5-year return | +55.2% | -22.8% |
| Volatility (ann.) | 31.7% | 34.0% |
| Beta vs S&P 500 | 0.77 | 0.61 |
| Max drawdown (3Y) | -51.3% | -49.4% |
| Market cap | $5.8B | $6.3B |
| P/E (trailing) | 23.7 | 11.0 |
| Dividend yield | 0.00% | 1.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | G |
|---|---|---|
| 2022 | +17.0% | -11.7% |
| 2023 | -9.0% | -24.0% |
| 2024 | +43.9% | +25.8% |
| 2025 | -4.4% | +10.2% |
| 2026 | -10.0% | -18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and G good diversifiers for each other?
To a limited degree. At 0.69 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 EXLS and G?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.78 over the last year and 0.63 over 5 years.
Is G a good diversifier for EXLS?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exls-vs-g.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exls-vs-g/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXLS correlations · G correlations
