GBTG vs TBLA: Correlation
Global Business Travel Group, Inc. (GBTG) and Taboola.com Ltd. (TBLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBTG and TBLA?
On 3 years of weekly data the GBTG/TBLA correlation comes out at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.48). The 5-year figure is 0.40, and annualized covariance runs at 1153.9 %².
Among the 27 assets we track against GBTG, TBLA ranks #11 by 3-year correlation. Their 12-month results are close: +14.8% for GBTG against +11.5% for TBLA.
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.
GBTG vs TBLA: side by side
| GBTG (Global Business Travel Group, Inc.) | TBLA (Taboola.com Ltd.) | |
|---|---|---|
| 1-year return | +14.8% | +11.5% |
| 5-year return | n/a | -57.5% |
| Volatility (ann.) | 50.5% | 47.2% |
| Beta vs S&P 500 | 1.39 | 1.17 |
| Max drawdown (3Y) | -48.0% | -47.8% |
| Market cap | $4.9B | $1.0B |
| P/E (trailing) | 59.1 | 9.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBTG | TBLA |
|---|---|---|
| 2022 | – | -60.4% |
| 2023 | -4.4% | +40.6% |
| 2024 | +43.9% | -15.7% |
| 2025 | -17.6% | +26.3% |
| 2026 | +23.7% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBTG and TBLA good diversifiers for each other?
Reasonably. At 0.48, GBTG and TBLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GBTG and TBLA?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.68 over the last year and 0.40 over 5 years.
Is TBLA a good diversifier for GBTG?
Reasonably. At 0.48, GBTG and TBLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: GBTG correlations · TBLA correlations
