CRGO vs GS: Correlation
Freightos Limited (CRGO) and Goldman Sachs (GS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGO and GS?
Across a 3-year window, the weekly returns of CRGO and GS correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 962.7 %².
By 3-year correlation, GS places #4 of the 12 assets tracked against CRGO. The last year tells two different stories: GS led by 103.3 percentage points, -61.7% for CRGO against +41.6% for GS. One caveat on sizing: CRGO is 3.1 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.
CRGO vs GS: side by side
| CRGO (Freightos Limited) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | -61.7% | +41.6% |
| 5-year return | -86.7% | +184.1% |
| Volatility (ann.) | 82.7% | 27.0% |
| Beta vs S&P 500 | 1.79 | 1.34 |
| Max drawdown (3Y) | -72.6% | -30.9% |
| Market cap | $0.1B | $303.1B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CRGO | GS |
|---|---|---|
| 2022 | +4.2% | -7.9% |
| 2023 | -67.3% | +15.9% |
| 2024 | -8.4% | +52.0% |
| 2025 | -25.2% | +56.6% |
| 2026 | -43.0% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGO and GS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRGO and GS?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.35 over the last year and 0.31 over 5 years.
Is GS a good diversifier for CRGO?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/crgo-vs-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crgo-vs-gs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRGO correlations · GS correlations
