GBTG vs XMTR: Correlation
Global Business Travel Group, Inc. (GBTG) and Xometry, Inc. (XMTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBTG and XMTR?
On 3 years of weekly data the GBTG/XMTR correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.52 over 3. The 5-year figure is 0.41, and annualized covariance runs at 2212.4 %².
By 3-year correlation, XMTR places #7 of the 27 assets tracked against GBTG. Their recent paths diverged sharply: over the last 12 months XMTR outperformed by 88.1 percentage points (+14.8% for GBTG against +102.9% for XMTR). One caveat on sizing: XMTR is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XMTR: side by side
| GBTG (Global Business Travel Group, Inc.) | XMTR (Xometry, Inc.) | |
|---|---|---|
| 1-year return | +14.8% | +102.9% |
| 5-year return | n/a | +31.7% |
| Volatility (ann.) | 50.5% | 83.8% |
| Beta vs S&P 500 | 1.39 | 2.60 |
| Max drawdown (3Y) | -48.0% | -70.4% |
| Market cap | $4.9B | $5.5B |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBTG | XMTR |
|---|---|---|
| 2022 | – | -37.1% |
| 2023 | -4.4% | +11.4% |
| 2024 | +43.9% | +18.8% |
| 2025 | -17.6% | +39.4% |
| 2026 | +23.7% | +61.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBTG and XMTR good diversifiers for each other?
Only partially. A correlation of 0.52 means GBTG and XMTR 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 GBTG and XMTR?
The GBTG/XMTR correlation stands at 0.52 on a 3-year window (1 year: 0.57, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is XMTR a good diversifier for GBTG?
Only partially. A correlation of 0.52 means GBTG and XMTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/gbtg-vs-xmtr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gbtg-vs-xmtr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBTG correlations · XMTR correlations
