HCKT vs IBM: Correlation
The Hackett Group, Inc. (HCKT) and IBM (IBM) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and IBM?
Over the past 3 years, HCKT and IBM moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 534.0 %².
By 3-year correlation, IBM places #11 of the 20 assets tracked against HCKT. Their recent paths diverged sharply: over the last 12 months IBM outperformed by 44.2 percentage points (-44.1% for HCKT against +0.1% for IBM).
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.
HCKT vs IBM: side by side
| HCKT (The Hackett Group, Inc.) | IBM (IBM) | |
|---|---|---|
| 1-year return | -44.1% | +0.1% |
| 5-year return | -35.3% | +117.6% |
| Volatility (ann.) | 37.5% | 34.7% |
| Beta vs S&P 500 | 0.78 | 0.78 |
| Max drawdown (3Y) | -70.5% | -37.5% |
| Market cap | $0.3B | $225.0B |
| P/E (trailing) | 17.5 | 20.4 |
| Dividend yield | 4.37% | 2.93% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | HCKT | IBM |
|---|---|---|
| 2022 | +1.5% | +10.6% |
| 2023 | +14.1% | +21.8% |
| 2024 | +37.3% | +39.3% |
| 2025 | -34.7% | +38.2% |
| 2026 | -41.9% | -17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and IBM good diversifiers for each other?
Reasonably. At 0.41, HCKT and IBM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCKT and IBM?
As of 2026-08-27, the correlation of weekly returns between HCKT and IBM is 0.41 over 3 years, 0.48 over 1 year and 0.40 over 5 years.
Is IBM a good diversifier for HCKT?
Reasonably. At 0.41, HCKT and IBM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/hckt-vs-ibm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hckt-vs-ibm/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: HCKT correlations · IBM correlations
