BJ vs GS: Correlation
Measured on weekly returns over the past three years, BJ's Wholesale Club Holdings, Inc. (BJ) and Goldman Sachs (GS) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and GS?
On 3 years of weekly data the BJ/GS correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.16 over 3 years. The 5-year figure is 0.03, and annualized covariance runs at -116.3 %².
Within BJ's tracked universe of 43 assets, GS comes in at #11 by 3-year correlation. The last year tells two different stories: GS led by 48.5 percentage points, -6.9% for BJ against +41.6% for GS.
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.
BJ vs GS: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | -6.9% | +41.6% |
| 5-year return | +59.5% | +184.1% |
| Volatility (ann.) | 26.4% | 27.0% |
| Beta vs S&P 500 | -0.14 | 1.34 |
| Max drawdown (3Y) | -30.1% | -30.9% |
| Market cap | $11.4B | $303.1B |
| P/E (trailing) | 20.4 | 16.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | GS |
|---|---|---|
| 2022 | -1.2% | -7.9% |
| 2023 | +0.8% | +15.9% |
| 2024 | +34.0% | +52.0% |
| 2025 | +0.8% | +56.6% |
| 2026 | +0.5% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and GS good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and GS?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.38 over the last year and 0.03 over 5 years.
Is GS a good diversifier for BJ?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/bj-vs-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bj-vs-gs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BJ correlations · GS correlations
