IT vs SEB: Correlation
Gartner (IT) and Seaboard Corporation (SEB) 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 SEB?
On 3 years of weekly data the IT/SEB correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -288.8 %².
Within IT's tracked universe of 36 assets, SEB comes in at #29 by 3-year correlation. The last year tells two different stories: SEB led by 25.0 percentage points, -20.2% for IT against +4.8% for SEB.
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 SEB: side by side
| IT (Gartner) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | -20.2% | +4.8% |
| 5-year return | -36.0% | -4.5% |
| Volatility (ann.) | 40.6% | 32.8% |
| Beta vs S&P 500 | 0.92 | -0.07 |
| Max drawdown (3Y) | -77.2% | -37.7% |
| Market cap | $12.4B | $3.8B |
| P/E (trailing) | 17.4 | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | SEB |
|---|---|---|
| 2022 | +0.5% | -3.8% |
| 2023 | +34.2% | -5.2% |
| 2024 | +7.4% | -31.7% |
| 2025 | -47.9% | +83.5% |
| 2026 | -22.1% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and SEB good diversifiers for each other?
Yes. With a correlation of -0.22, IT and SEB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IT and SEB?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.23 over the last year and -0.08 over 5 years.
Is SEB a good diversifier for IT?
Yes. With a correlation of -0.22, IT and SEB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/it-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/it-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IT correlations · SEB correlations
