GM vs PNC: Correlation
Measured on weekly returns over the past three years, General Motors (GM) and PNC Financial Services (PNC) 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 GM and PNC?
Across a 3-year window, the weekly returns of GM and PNC correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 419.5 %².
Among the 35 assets we track against GM, PNC ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GM ahead by 25.9 points (+48.0% versus +22.1%). The rolling one-year correlation stayed in a tight band between 0.44 and 0.61 over the past three years, which points to a structural rather than episodic relationship.
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 PNC: side by side
| GM (General Motors) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +48.0% | +22.1% |
| 5-year return | +82.5% | +53.5% |
| Volatility (ann.) | 32.2% | 25.6% |
| Beta vs S&P 500 | 0.98 | 0.92 |
| Max drawdown (3Y) | -29.1% | -29.8% |
| Market cap | $77.9B | $97.1B |
| P/E (trailing) | 38.6 | 13.5 |
| Dividend yield | 0.76% | 2.78% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | GM | PNC |
|---|---|---|
| 2022 | -42.4% | -18.6% |
| 2023 | +7.9% | +2.7% |
| 2024 | +49.8% | +29.4% |
| 2025 | +54.2% | +12.2% |
| 2026 | +6.5% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and PNC good diversifiers for each other?
Only partially. A correlation of 0.51 means GM and PNC 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 GM and PNC?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.42 over the last year and 0.55 over 5 years.
Is PNC a good diversifier for GM?
Only partially. A correlation of 0.51 means GM and PNC 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/gm-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gm-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GM correlations · PNC correlations
