GIB vs GLOB: Correlation
Measured on weekly returns over the past three years, CGI Inc. (GIB) and Globant S.A. (GLOB) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIB and GLOB?
Across a 3-year window, the weekly returns of GIB and GLOB correlate at 0.61, strong. The past 12 months show a tighter link (0.76) than the 3-year average (0.61). Stretching to 5 years gives 0.62, with an annualized covariance of 723.7 %².
Few assets follow GIB as closely as GLOB, which ranks #3 of 25 tracked partners. Correlation aside, the last 12 months split them widely, with GIB ahead by 18.4 points (-22.4% versus -40.8%). One caveat on sizing: GLOB is 2.2 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.
GIB vs GLOB: side by side
| GIB (CGI Inc.) | GLOB (Globant S.A.) | |
|---|---|---|
| 1-year return | -22.4% | -40.8% |
| 5-year return | -16.0% | -87.5% |
| Volatility (ann.) | 23.3% | 50.9% |
| Beta vs S&P 500 | 0.57 | 1.27 |
| Max drawdown (3Y) | -49.6% | -88.9% |
| Market cap | $15.4B | $1.7B |
| P/E (trailing) | 12.6 | 15.2 |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIB | GLOB |
|---|---|---|
| 2022 | -2.7% | -46.5% |
| 2023 | +24.5% | +41.5% |
| 2024 | +2.1% | -9.9% |
| 2025 | -15.3% | -69.5% |
| 2026 | -18.8% | -38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIB and GLOB good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GIB and GLOB?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.76 over the last year and 0.62 over 5 years.
Is GLOB a good diversifier for GIB?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/gib-vs-glob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gib-vs-glob/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIB correlations · GLOB correlations
