BEN vs GORO: Correlation
Franklin Resources (BEN) and Goldgroup Mining Inc. (GORO) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and GORO?
Over the past 3 years, BEN and GORO moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.15). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -629.7 %².
Within BEN's tracked universe of 28 assets, GORO comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BEN outperformed by 21.5 percentage points (+43.0% for BEN against +21.5% for GORO). One caveat on sizing: GORO is 5.5 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.
BEN vs GORO: side by side
| BEN (Franklin Resources) | GORO (Goldgroup Mining Inc.) | |
|---|---|---|
| 1-year return | +43.0% | +21.5% |
| 5-year return | +37.6% | +215.8% |
| Volatility (ann.) | 27.9% | 154.1% |
| Beta vs S&P 500 | 1.01 | 1.39 |
| Max drawdown (3Y) | -40.0% | -75.0% |
| Market cap | $17.7B | $0.5B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 3.74% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | GORO |
|---|---|---|
| 2022 | -17.5% | -73.3% |
| 2023 | +17.0% | -75.0% |
| 2024 | -27.2% | +450.0% |
| 2025 | +24.8% | +936.4% |
| 2026 | +49.4% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and GORO good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BEN and GORO?
The BEN/GORO correlation stands at -0.15 on a 3-year window (1 year: 0.02, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is GORO a good diversifier for BEN?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
A reading of -0.15 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/ben-vs-goro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-goro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEN correlations · GORO correlations
