EXLS vs IT: Correlation
ExlService Holdings, Inc. (EXLS) and Gartner (IT) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and IT?
Across a 3-year window, the weekly returns of EXLS and IT correlate at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.55). Stretching to 5 years gives 0.52, with an annualized covariance of 713.5 %².
Within EXLS's tracked universe of 47 assets, IT comes in at #24 by 3-year correlation. Over the last 12 months EXLS came out ahead by 6.8 percentage points (-13.4% against -20.2%).
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 IT: side by side
| EXLS (ExlService Holdings, Inc.) | IT (Gartner) | |
|---|---|---|
| 1-year return | -13.4% | -20.2% |
| 5-year return | +55.2% | -36.0% |
| Volatility (ann.) | 31.7% | 40.6% |
| Beta vs S&P 500 | 0.77 | 0.92 |
| Max drawdown (3Y) | -51.3% | -77.2% |
| Market cap | $5.8B | $12.4B |
| P/E (trailing) | 23.7 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EXLS | IT |
|---|---|---|
| 2022 | +17.0% | +0.5% |
| 2023 | -9.0% | +34.2% |
| 2024 | +43.9% | +7.4% |
| 2025 | -4.4% | -47.9% |
| 2026 | -10.0% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and IT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXLS and IT?
The EXLS/IT correlation stands at 0.55 on a 3-year window (1 year: 0.68, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is IT a good diversifier for EXLS?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exls-vs-it.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exls-vs-it/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXLS correlations · IT correlations
