GIC vs IBP: Correlation
Global Industrial Company (GIC) and Installed Building Products, Inc. (IBP) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIC and IBP?
Across a 3-year window, the weekly returns of GIC and IBP correlate at 0.55, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.55). Stretching to 5 years gives 0.54, with an annualized covariance of 911.7 %².
In GIC's tracked universe of 14 assets, IBP sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months GIC outperformed by 18.0 percentage points (+8.7% for GIC against -9.3% for IBP).
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.
GIC vs IBP: side by side
| GIC (Global Industrial Company) | IBP (Installed Building Products, Inc.) | |
|---|---|---|
| 1-year return | +8.7% | -9.3% |
| 5-year return | +21.2% | +107.4% |
| Volatility (ann.) | 35.8% | 45.9% |
| Beta vs S&P 500 | 0.84 | 1.13 |
| Max drawdown (3Y) | -53.2% | -42.7% |
| Market cap | $1.5B | $6.4B |
| P/E (trailing) | 17.8 | 26.5 |
| Dividend yield | 2.74% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIC | IBP |
|---|---|---|
| 2022 | -41.0% | -37.3% |
| 2023 | +69.7% | +117.6% |
| 2024 | -34.3% | -2.9% |
| 2025 | +22.4% | +50.6% |
| 2026 | +39.1% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIC and IBP good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GIC and IBP?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.70 over the last year and 0.54 over 5 years.
Is IBP a good diversifier for GIC?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gic-vs-ibp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gic-vs-ibp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIC correlations · IBP correlations
