GAP vs WSM: Correlation
Measured on weekly returns over the past three years, Gap, Inc. (The) (GAP) and Williams-Sonoma, Inc. (WSM) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAP and WSM?
Across a 3-year window, the weekly returns of GAP and WSM correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 1174.0 %².
In GAP's tracked universe of 11 assets, WSM sits right near the top at #2. The last year tells two different stories: WSM led by 29.7 percentage points, -3.9% for GAP against +25.8% for WSM.
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.
GAP vs WSM: side by side
| GAP (Gap, Inc. (The)) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | -3.9% | +25.8% |
| 5-year return | -5.3% | +182.0% |
| Volatility (ann.) | 54.0% | 43.0% |
| Beta vs S&P 500 | 1.17 | 1.33 |
| Max drawdown (3Y) | -38.0% | -36.8% |
| Market cap | – | $28.1B |
| P/E (trailing) | 8.4 | 24.4 |
| Dividend yield | 3.17% | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GAP | WSM |
|---|---|---|
| 2022 | -32.6% | -30.5% |
| 2023 | +96.7% | +80.2% |
| 2024 | +16.1% | +86.6% |
| 2025 | +11.7% | -2.1% |
| 2026 | -16.9% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAP and WSM good diversifiers for each other?
Only partially. A correlation of 0.51 means GAP and WSM 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 GAP and WSM?
As of 2026-08-27, the correlation of weekly returns between GAP and WSM is 0.51 over 3 years, 0.50 over 1 year and 0.53 over 5 years.
Is WSM a good diversifier for GAP?
Only partially. A correlation of 0.51 means GAP and WSM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/gap-vs-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gap-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GAP correlations · WSM correlations
