GM vs HAS: Correlation
Measured on weekly returns over the past three years, General Motors (GM) and Hasbro (HAS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and HAS?
Over the past 3 years, GM and HAS moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 365.7 %².
Among the 35 assets we track against GM, HAS ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GM ahead by 28.8 points (+48.0% versus +19.2%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.03 to 0.57.
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 HAS: side by side
| GM (General Motors) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +48.0% | +19.2% |
| 5-year return | +82.5% | +17.1% |
| Volatility (ann.) | 32.2% | 31.7% |
| Beta vs S&P 500 | 0.98 | 0.86 |
| Max drawdown (3Y) | -29.1% | -40.3% |
| Market cap | $77.9B | $13.3B |
| P/E (trailing) | 38.6 | 17.1 |
| Dividend yield | 0.76% | 2.91% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | GM | HAS |
|---|---|---|
| 2022 | -42.4% | -37.9% |
| 2023 | +7.9% | -11.9% |
| 2024 | +49.8% | +14.8% |
| 2025 | +54.2% | +52.5% |
| 2026 | +6.5% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and HAS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GM and HAS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.35 over the last year and 0.41 over 5 years.
Is HAS a good diversifier for GM?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/gm-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gm-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GM correlations · HAS correlations
