GEN vs OTEX: Correlation
Measured on weekly returns over the past three years, Gen Digital (GEN) and Open Text Corporation (OTEX) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and OTEX?
Across a 3-year window, the weekly returns of GEN and OTEX correlate at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.51 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 519.9 %².
Among the 36 assets we track against GEN, OTEX ranks #6 by 3-year correlation. The last year tells two different stories: GEN led by 21.9 percentage points, +1.2% for GEN against -20.7% for OTEX.
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 OTEX: side by side
| GEN (Gen Digital) | OTEX (Open Text Corporation) | |
|---|---|---|
| 1-year return | +1.2% | -20.7% |
| 5-year return | +26.3% | -46.4% |
| Volatility (ann.) | 31.7% | 32.4% |
| Beta vs S&P 500 | 1.02 | 1.06 |
| Max drawdown (3Y) | -43.6% | -50.4% |
| Market cap | $18.3B | $6.1B |
| P/E (trailing) | 17.3 | 9.4 |
| Dividend yield | 1.69% | 4.52% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GEN | OTEX |
|---|---|---|
| 2022 | -15.8% | -35.9% |
| 2023 | +9.3% | +45.4% |
| 2024 | +22.4% | -30.4% |
| 2025 | +1.1% | +19.3% |
| 2026 | +13.9% | -21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and OTEX good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GEN and OTEX?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.62 over the last year and 0.44 over 5 years.
Is OTEX a good diversifier for GEN?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gen-vs-otex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gen-vs-otex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GEN correlations · OTEX correlations
