IHS vs III: Correlation
Measured on weekly returns over the past three years, IHS Holding Limited (IHS) and Information Services Group, Inc. (III) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHS and III?
Across a 3-year window, the weekly returns of IHS and III correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.35 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 744.3 %².
Within IHS's tracked universe of 10 assets, III comes in at #4 by 3-year correlation. Over the last 12 months IHS came out ahead by 9.6 percentage points (+15.2% against +5.6%).
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.
IHS vs III: side by side
| IHS (IHS Holding Limited) | III (Information Services Group, Inc.) | |
|---|---|---|
| 1-year return | +15.2% | +5.6% |
| 5-year return | -51.0% | -14.6% |
| Volatility (ann.) | 55.6% | 38.4% |
| Beta vs S&P 500 | 0.88 | 0.99 |
| Max drawdown (3Y) | -68.7% | -41.5% |
| Market cap | $2.8B | $0.2B |
| P/E (trailing) | 5.1 | 21.0 |
| Dividend yield | 0.00% | 3.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHS | III |
|---|---|---|
| 2022 | -56.4% | -38.1% |
| 2023 | -25.2% | +6.2% |
| 2024 | -36.5% | -25.3% |
| 2025 | +155.5% | +79.8% |
| 2026 | +11.7% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHS and III good diversifiers for each other?
Reasonably. At 0.35, IHS and III keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IHS and III?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.16 over the last year and 0.35 over 5 years.
Is III a good diversifier for IHS?
Reasonably. At 0.35, IHS and III keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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: IHS correlations · III correlations
