IT vs OCC: Correlation
Gartner (IT) and Optical Cable Corporation (OCC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IT and OCC?
On 3 years of weekly data the IT/OCC correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -960.0 %².
By 3-year correlation, OCC places #28 of the 36 assets tracked against IT. Correlation aside, the last 12 months split them widely, with OCC ahead by 137.8 points (-20.2% versus +117.6%). One caveat on sizing: OCC is 2.6 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.
IT vs OCC: side by side
| IT (Gartner) | OCC (Optical Cable Corporation) | |
|---|---|---|
| 1-year return | -20.2% | +117.6% |
| 5-year return | -36.0% | +297.7% |
| Volatility (ann.) | 40.6% | 105.3% |
| Beta vs S&P 500 | 0.92 | 1.07 |
| Max drawdown (3Y) | -77.2% | -61.1% |
| Market cap | $12.4B | $0.1B |
| P/E (trailing) | 17.4 | 106.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | OCC |
|---|---|---|
| 2022 | +0.5% | -17.7% |
| 2023 | +34.2% | -38.9% |
| 2024 | +7.4% | +33.7% |
| 2025 | -47.9% | +23.3% |
| 2026 | -22.1% | +211.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and OCC good diversifiers for each other?
Yes. With a correlation of -0.22, IT and OCC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IT and OCC?
The IT/OCC correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is OCC a good diversifier for IT?
Yes. With a correlation of -0.22, IT and OCC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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-occ.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/it-vs-occ/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IT correlations · OCC correlations
