Are IBM and NOW correlated?

IBM and NOW have a 252-day pairwise correlation of 0.46 (moderate). Values above 0.6 indicate the two stocks tend to move together as part of the same capital flow; below 0.4 they're largely independent.

Do IBM and NOW share any ETFs?

No ETF in QuantAbundancia's coverage currently holds both IBM and NOW.

Which bubbles or themes do IBM and NOW share?

IBM and NOW share these AI-supercycle groupings: Enterprise SaaS AI (bubble).

Stock comparison

IBM vs NOW

International Business Machines Corporation and ServiceNow, Inc. - both members of Enterprise SaaS AI.

IBMUS

International Business Machines Corporation

Last close: $234.32
Market cap: $220.8B
Sector: Information Technology
30d return: -19.1%
90d return: -4.4%
252d return: -

NOWUS

ServiceNow, Inc.

Last close: $124.00
Market cap: $128.2B
Sector: Information Technology
30d return: +16.6%
90d return: +23.3%
252d return: -

252-day correlation

0.46moderate

Pearson correlation of daily log-returns over the last 252 trading days. >0.6 = tight (move as one bloc); 0.4-0.6 = thematic linkage;<0.4 = largely independent. See the full matrix.

Shared context

Bubbles

Enterprise SaaS AI

Want the full picture? IBM stock page · NOW stock page · full correlation matrix

Data refreshes daily. Last close 2026-08-15.