GIBO vs TXN: Correlation
How closely do GIBO Holdings Limited - Class A (GIBO) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and TXN?
Across a 3-year window, the weekly returns of GIBO and TXN correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.26 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1039.8 %².
Within GIBO's tracked universe of 33 assets, TXN comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TXN outperformed by 95.5 percentage points (-62.4% for GIBO against +33.1% for TXN). Note the risk asymmetry: GIBO runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GIBO vs TXN: side by side
| GIBO (GIBO Holdings Limited - Class A) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | -62.4% | +33.1% |
| 5-year return | n/a | +60.4% |
| Volatility (ann.) | 116.5% | 34.3% |
| Beta vs S&P 500 | -0.40 | 1.28 |
| Max drawdown (3Y) | -100.0% | -33.4% |
| Market cap | $0.1B | $243.4B |
| P/E (trailing) | – | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GIBO | TXN |
|---|---|---|
| 2022 | – | -9.9% |
| 2023 | – | +6.4% |
| 2024 | +7.8% | +13.1% |
| 2025 | -99.9% | -4.5% |
| 2026 | -38.3% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and TXN good diversifiers for each other?
Yes. With a correlation of -0.26, GIBO and TXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIBO and TXN?
The GIBO/TXN correlation stands at -0.26 on a 3-year window (1 year: 0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TXN a good diversifier for GIBO?
Yes. With a correlation of -0.26, GIBO and TXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: GIBO correlations · TXN correlations
