IT vs MORN: Correlation
Gartner (IT) and Morningstar, Inc. (MORN) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IT and MORN?
Across a 3-year window, the weekly returns of IT and MORN correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 719.1 %².
Within IT's tracked universe of 36 assets, MORN comes in at #5 by 3-year correlation. Their 12-month results are close: -20.2% for IT against -16.6% for MORN.
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.
IT vs MORN: side by side
| IT (Gartner) | MORN (Morningstar, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | -16.6% |
| 5-year return | -36.0% | -15.1% |
| Volatility (ann.) | 40.6% | 30.5% |
| Beta vs S&P 500 | 0.92 | 0.77 |
| Max drawdown (3Y) | -77.2% | -60.0% |
| Market cap | $12.4B | $8.2B |
| P/E (trailing) | 17.4 | 20.2 |
| Dividend yield | 0.00% | 0.92% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | MORN |
|---|---|---|
| 2022 | +0.5% | -36.3% |
| 2023 | +34.2% | +33.1% |
| 2024 | +7.4% | +18.3% |
| 2025 | -47.9% | -35.1% |
| 2026 | -22.1% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and MORN good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IT and MORN?
The IT/MORN correlation stands at 0.58 on a 3-year window (1 year: 0.67, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is MORN a good diversifier for IT?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/it-vs-morn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/it-vs-morn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IT correlations · MORN correlations
