EXLS vs ITGR: Correlation
How closely do ExlService Holdings, Inc. (EXLS) and Integer Holdings Corporation (ITGR) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and ITGR?
Over the past 3 years, EXLS and ITGR moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 431.9 %².
Among the 47 assets we track against EXLS, ITGR ranks #40 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ITGR outperformed by 29.3 percentage points (-13.4% for EXLS against +15.9% for ITGR).
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 ITGR: side by side
| EXLS (ExlService Holdings, Inc.) | ITGR (Integer Holdings Corporation) | |
|---|---|---|
| 1-year return | -13.4% | +15.9% |
| 5-year return | +55.2% | +28.7% |
| Volatility (ann.) | 31.7% | 33.7% |
| Beta vs S&P 500 | 0.77 | 0.56 |
| Max drawdown (3Y) | -51.3% | -56.1% |
| Market cap | $5.8B | $4.3B |
| P/E (trailing) | 23.7 | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | ITGR |
|---|---|---|
| 2022 | +17.0% | -20.0% |
| 2023 | -9.0% | +44.7% |
| 2024 | +43.9% | +33.8% |
| 2025 | -4.4% | -40.8% |
| 2026 | -10.0% | +59.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and ITGR good diversifiers for each other?
Reasonably. At 0.40, EXLS and ITGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXLS and ITGR?
The EXLS/ITGR correlation stands at 0.40 on a 3-year window (1 year: 0.38, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is ITGR a good diversifier for EXLS?
Reasonably. At 0.40, EXLS and ITGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/exls-vs-itgr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exls-vs-itgr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXLS correlations · ITGR correlations
