BAC vs GM: Correlation
How closely do Bank of America (BAC) and General Motors (GM) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and GM?
Over the past 3 years, BAC and GM moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 446.5 %².
By 3-year correlation, GM places #32 of the 45 assets tracked against BAC. Correlation aside, the last 12 months split them widely, with GM ahead by 23.9 points (+24.1% versus +48.0%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.44 and 0.66.
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.
BAC vs GM: side by side
| BAC (Bank of America) | GM (General Motors) | |
|---|---|---|
| 1-year return | +24.1% | +48.0% |
| 5-year return | +66.0% | +82.5% |
| Volatility (ann.) | 26.5% | 32.2% |
| Beta vs S&P 500 | 1.11 | 0.98 |
| Max drawdown (3Y) | -27.5% | -29.1% |
| Market cap | $427.7B | $77.9B |
| P/E (trailing) | 14.1 | 38.6 |
| Dividend yield | 1.80% | 0.76% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | BAC | GM |
|---|---|---|
| 2022 | -23.8% | -42.4% |
| 2023 | +4.8% | +7.9% |
| 2024 | +33.9% | +49.8% |
| 2025 | +28.0% | +54.2% |
| 2026 | +12.4% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and GM good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BAC and GM?
The BAC/GM correlation stands at 0.52 on a 3-year window (1 year: 0.41, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is GM a good diversifier for BAC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bac-vs-gm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-gm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · GM correlations
