GM vs GS: Correlation
General Motors (GM) and Goldman Sachs (GS) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and GS?
Over the past 3 years, GM and GS moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.51). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 442.6 %².
Among the 35 assets we track against GM, GS ranks #7 by 3-year correlation. On 12-month performance GM holds a 6.4-point edge, +48.0% against +41.6%. The rolling one-year correlation moved between 0.39 and 0.67 over the past three years, a moderate range.
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.
GM vs GS: side by side
| GM (General Motors) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | +48.0% | +41.6% |
| 5-year return | +82.5% | +184.1% |
| Volatility (ann.) | 32.2% | 27.0% |
| Beta vs S&P 500 | 0.98 | 1.34 |
| Max drawdown (3Y) | -29.1% | -30.9% |
| Market cap | $77.9B | $303.1B |
| P/E (trailing) | 38.6 | 16.1 |
| Dividend yield | 0.76% | 1.63% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | GM | GS |
|---|---|---|
| 2022 | -42.4% | -7.9% |
| 2023 | +7.9% | +15.9% |
| 2024 | +49.8% | +52.0% |
| 2025 | +54.2% | +56.6% |
| 2026 | +6.5% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and GS good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GM and GS?
The GM/GS correlation stands at 0.51 on a 3-year window (1 year: 0.39, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is GS a good diversifier for GM?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/gm-vs-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gm-vs-gs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GM correlations · GS correlations
