BNY vs GS: Correlation
BNY Mellon (BNY) and Goldman Sachs (GS) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and GS?
Across a 3-year window, the weekly returns of BNY and GS correlate at 0.70, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.70). Stretching to 5 years gives 0.70, with an annualized covariance of 380.2 %².
By 3-year correlation, GS places #9 of the 31 assets tracked against BNY. Correlation aside, the last 12 months split them widely, with BNY ahead by 15.6 points (+57.2% versus +41.6%). Stability stands out here, with the rolling one-year correlation confined to 0.54 through 0.78.
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.
BNY vs GS: side by side
| BNY (BNY Mellon) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | +57.2% | +41.6% |
| 5-year return | +236.7% | +184.1% |
| Volatility (ann.) | 20.2% | 27.0% |
| Beta vs S&P 500 | 0.89 | 1.34 |
| Max drawdown (3Y) | -17.6% | -30.9% |
| Market cap | $110.1B | $303.1B |
| P/E (trailing) | 19.0 | 16.1 |
| Dividend yield | 1.30% | 1.63% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BNY | GS |
|---|---|---|
| 2022 | -19.1% | -7.9% |
| 2023 | +18.5% | +15.9% |
| 2024 | +51.9% | +52.0% |
| 2025 | +54.4% | +56.6% |
| 2026 | +41.5% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and GS good diversifiers for each other?
Only partially. A correlation of 0.70 means BNY and GS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BNY and GS?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.58 over the last year and 0.70 over 5 years.
Is GS a good diversifier for BNY?
Only partially. A correlation of 0.70 means BNY and GS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bny-vs-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bny-vs-gs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNY correlations · GS correlations
