BAC vs GS: Correlation
Bank of America (BAC) and Goldman Sachs (GS) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and GS?
On 3 years of weekly data the BAC/GS correlation comes out at 0.77, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.77). The 5-year figure is 0.79, and annualized covariance runs at 546.2 %².
By 3-year correlation, GS places #15 of the 45 assets tracked against BAC. Correlation aside, the last 12 months split them widely, with GS ahead by 17.5 points (+24.1% versus +41.6%). Across three years, the rolling one-year figure varied moderately, from 0.51 to 0.89.
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 GS: side by side
| BAC (Bank of America) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | +24.1% | +41.6% |
| 5-year return | +66.0% | +184.1% |
| Volatility (ann.) | 26.5% | 27.0% |
| Beta vs S&P 500 | 1.11 | 1.34 |
| Max drawdown (3Y) | -27.5% | -30.9% |
| Market cap | $427.7B | $303.1B |
| P/E (trailing) | 14.1 | 16.1 |
| Dividend yield | 1.80% | 1.63% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | GS |
|---|---|---|
| 2022 | -23.8% | -7.9% |
| 2023 | +4.8% | +15.9% |
| 2024 | +33.9% | +52.0% |
| 2025 | +28.0% | +56.6% |
| 2026 | +12.4% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and GS good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BAC and GS?
The BAC/GS correlation stands at 0.77 on a 3-year window (1 year: 0.50, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is GS a good diversifier for BAC?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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/bac-vs-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-gs/)
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Related comparisons
Hubs: BAC correlations · GS correlations
