FDS vs IT: Correlation
FactSet (FDS) and Gartner (IT) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDS and IT?
On 3 years of weekly data the FDS/IT correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.54 over 3. The 5-year figure is 0.55, and annualized covariance runs at 703.9 %².
Among the 32 assets we track against FDS, IT ranks #14 by 3-year correlation. Twelve-month performance is nearly a tie, at -18.6% for FDS and -20.2% for IT. Across three years, the rolling one-year figure varied moderately, from 0.17 to 0.60.
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.
FDS vs IT: side by side
| FDS (FactSet) | IT (Gartner) | |
|---|---|---|
| 1-year return | -18.6% | -20.2% |
| 5-year return | -15.8% | -36.0% |
| Volatility (ann.) | 31.9% | 40.6% |
| Beta vs S&P 500 | 0.56 | 0.92 |
| Max drawdown (3Y) | -61.1% | -77.2% |
| Market cap | $10.8B | $12.4B |
| P/E (trailing) | 19.5 | 17.4 |
| Dividend yield | 1.51% | 0.00% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | FDS | IT |
|---|---|---|
| 2022 | -16.7% | +0.5% |
| 2023 | +20.0% | +34.2% |
| 2024 | +1.6% | +7.4% |
| 2025 | -38.9% | -47.9% |
| 2026 | +6.0% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDS and IT good diversifiers for each other?
Only partially. A correlation of 0.54 means FDS and IT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FDS and IT?
As of 2026-08-27, the correlation of weekly returns between FDS and IT is 0.54 over 3 years, 0.61 over 1 year and 0.55 over 5 years.
Is IT a good diversifier for FDS?
Only partially. A correlation of 0.54 means FDS and IT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/fds-vs-it.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fds-vs-it/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FDS correlations · IT correlations
