GTLB vs S: Correlation
GitLab Inc. (GTLB) and SentinelOne, Inc. (S) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTLB and S?
On 3 years of weekly data the GTLB/S correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 1578.7 %².
Few assets follow GTLB as closely as S, which ranks #1 of 19 tracked partners. The last year tells two different stories: S led by 37.6 percentage points, -5.2% for GTLB against +32.4% for S.
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.
GTLB vs S: side by side
| GTLB (GitLab Inc.) | S (SentinelOne, Inc.) | |
|---|---|---|
| 1-year return | -5.2% | +32.4% |
| 5-year return | -56.9% | -65.2% |
| Volatility (ann.) | 52.0% | 48.4% |
| Beta vs S&P 500 | 1.49 | 1.43 |
| Max drawdown (3Y) | -75.0% | -60.2% |
| Market cap | $7.6B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTLB | S |
|---|---|---|
| 2022 | -47.8% | -71.1% |
| 2023 | +38.6% | +88.1% |
| 2024 | -10.5% | -19.1% |
| 2025 | -33.4% | -32.4% |
| 2026 | +19.4% | +51.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTLB and S good diversifiers for each other?
Only partially. A correlation of 0.63 means GTLB and S share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GTLB and S?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.60 over the last year and 0.60 over 5 years.
Is S a good diversifier for GTLB?
Only partially. A correlation of 0.63 means GTLB and S share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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
$ curl https://www.pairbook.io/api/v1/pairs/gtlb-vs-s.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gtlb-vs-s/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTLB correlations · S correlations
