GIB vs TTEC: Correlation
How closely do CGI Inc. (GIB) and TTEC Holdings, Inc. (TTEC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIB and TTEC?
Across a 3-year window, the weekly returns of GIB and TTEC correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.41, with an annualized covariance of 807.4 %².
By 3-year correlation, TTEC places #18 of the 25 assets tracked against GIB. The last year tells two different stories: GIB led by 40.0 percentage points, -22.4% for GIB against -62.4% for TTEC. One caveat on sizing: TTEC is 3.6 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 TTEC: side by side
| GIB (CGI Inc.) | TTEC (TTEC Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.4% | -62.4% |
| 5-year return | -16.0% | -98.6% |
| Volatility (ann.) | 23.3% | 83.7% |
| Beta vs S&P 500 | 0.57 | 1.01 |
| Max drawdown (3Y) | -49.6% | -95.4% |
| Market cap | $15.4B | $0.1B |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIB | TTEC |
|---|---|---|
| 2022 | -2.7% | -50.4% |
| 2023 | +24.5% | -49.1% |
| 2024 | +2.1% | -76.8% |
| 2025 | -15.3% | -27.9% |
| 2026 | -18.8% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIB and TTEC good diversifiers for each other?
Reasonably. At 0.41, GIB and TTEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GIB and TTEC?
The GIB/TTEC correlation stands at 0.41 on a 3-year window (1 year: 0.56, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is TTEC a good diversifier for GIB?
Reasonably. At 0.41, GIB and TTEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
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Related comparisons
Hubs: GIB correlations · TTEC correlations
