GIB vs PRGS: Correlation
CGI Inc. (GIB) and Progress Software Corporation (PRGS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIB and PRGS?
On 3 years of weekly data the GIB/PRGS correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.43 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 382.7 %².
Within GIB's tracked universe of 25 assets, PRGS comes in at #16 by 3-year correlation. The last year tells two different stories: PRGS led by 18.9 percentage points, -22.4% for GIB against -3.5% for PRGS. One caveat on sizing: PRGS is 1.6 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 PRGS: side by side
| GIB (CGI Inc.) | PRGS (Progress Software Corporation) | |
|---|---|---|
| 1-year return | -22.4% | -3.5% |
| 5-year return | -16.0% | +1.2% |
| Volatility (ann.) | 23.3% | 38.3% |
| Beta vs S&P 500 | 0.57 | 0.62 |
| Max drawdown (3Y) | -49.6% | -64.1% |
| Market cap | $15.4B | $1.9B |
| P/E (trailing) | 12.6 | 22.0 |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIB | PRGS |
|---|---|---|
| 2022 | -2.7% | +6.0% |
| 2023 | +24.5% | +8.9% |
| 2024 | +2.1% | +21.2% |
| 2025 | -15.3% | -34.1% |
| 2026 | -18.8% | +5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIB and PRGS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GIB and PRGS?
As of 2026-08-27, the correlation of weekly returns between GIB and PRGS is 0.43 over 3 years, 0.56 over 1 year and 0.46 over 5 years.
Is PRGS a good diversifier for GIB?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/gib-vs-prgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gib-vs-prgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIB correlations · PRGS correlations
