FA vs GIB: Correlation
How closely do First Advantage Corporation (FA) and CGI Inc. (GIB) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FA and GIB?
Over the past 3 years, FA and GIB moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 557.4 %².
Within FA's tracked universe of 16 assets, GIB comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FA outperformed by 49.4 percentage points (+27.0% for FA against -22.4% for GIB). Note the risk asymmetry: FA runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FA vs GIB: side by side
| FA (First Advantage Corporation) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | +27.0% | -22.4% |
| 5-year return | +6.1% | -16.0% |
| Volatility (ann.) | 45.8% | 23.3% |
| Beta vs S&P 500 | 1.18 | 0.57 |
| Max drawdown (3Y) | -55.9% | -49.6% |
| Market cap | $3.6B | $15.4B |
| P/E (trailing) | 139.5 | 12.6 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FA | GIB |
|---|---|---|
| 2022 | -31.7% | -2.7% |
| 2023 | +41.5% | +24.5% |
| 2024 | +13.0% | +2.1% |
| 2025 | -22.4% | -15.3% |
| 2026 | +44.0% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FA and GIB good diversifiers for each other?
To a limited degree. At 0.52 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 FA and GIB?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.48 over 5 years.
Is GIB a good diversifier for FA?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/fa-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fa-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FA correlations · GIB correlations
