GITS vs IRM: Correlation
Global Interactive Technologies, Inc. (GITS) and Iron Mountain (IRM) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and IRM?
Over the past 3 years, GITS and IRM moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6904.9 %².
Among the 35 assets we track against GITS, IRM ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IRM ahead by 60.2 points (-22.1% versus +38.1%). One caveat on sizing: GITS is 43.9 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.
GITS vs IRM: side by side
| GITS (Global Interactive Technologies, Inc.) | IRM (Iron Mountain) | |
|---|---|---|
| 1-year return | -22.1% | +38.1% |
| 5-year return | n/a | +219.3% |
| Volatility (ann.) | 1352.0% | 30.8% |
| Beta vs S&P 500 | -3.91 | 0.96 |
| Max drawdown (3Y) | -98.4% | -39.0% |
| Market cap | – | $36.5B |
| P/E (trailing) | – | 86.4 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | GITS | IRM |
|---|---|---|
| 2022 | – | -0.1% |
| 2023 | – | +46.5% |
| 2024 | -69.5% | +54.5% |
| 2025 | +186.6% | -18.2% |
| 2026 | +154.2% | +50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and IRM good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GITS and IRM?
As of 2026-08-27, the correlation of weekly returns between GITS and IRM is -0.17 over 3 years, -0.03 over 1 year and n/a over 5 years.
Is IRM a good diversifier for GITS?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GITS correlations · IRM correlations
