GEN vs IBEX: Correlation
Measured on weekly returns over the past three years, Gen Digital (GEN) and IBEX Limited - Common Share (IBEX) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and IBEX?
On 3 years of weekly data the GEN/IBEX correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 645.9 %².
Within GEN's tracked universe of 36 assets, IBEX comes in at #21 by 3-year correlation. The last year tells two different stories: IBEX led by 25.5 percentage points, +1.2% for GEN against +26.7% for IBEX.
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.
GEN vs IBEX: side by side
| GEN (Gen Digital) | IBEX (IBEX Limited - Common Share) | |
|---|---|---|
| 1-year return | +1.2% | +26.7% |
| 5-year return | +26.3% | +104.6% |
| Volatility (ann.) | 31.7% | 45.5% |
| Beta vs S&P 500 | 1.02 | 1.03 |
| Max drawdown (3Y) | -43.6% | -37.1% |
| Market cap | $18.3B | $0.5B |
| P/E (trailing) | 17.3 | 11.5 |
| Dividend yield | 1.69% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GEN | IBEX |
|---|---|---|
| 2022 | -15.8% | +92.8% |
| 2023 | +9.3% | -23.5% |
| 2024 | +22.4% | +13.0% |
| 2025 | +1.1% | +77.7% |
| 2026 | +13.9% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and IBEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GEN and IBEX?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.40 over the last year and 0.31 over 5 years.
Is IBEX a good diversifier for GEN?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/gen-vs-ibex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gen-vs-ibex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GEN correlations · IBEX correlations
