GM vs TR: Correlation
General Motors (GM) and Tootsie Roll Industries, Inc. (TR) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and TR?
Across a 3-year window, the weekly returns of GM and TR correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.19). Stretching to 5 years gives 0.02, with an annualized covariance of -150.0 %².
TR is close to the least connected end of GM's tracked universe, ranking #31 of 35. Correlation aside, the last 12 months split them widely, with GM ahead by 43.9 points (+48.0% versus +4.1%).
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 TR: side by side
| GM (General Motors) | TR (Tootsie Roll Industries, Inc.) | |
|---|---|---|
| 1-year return | +48.0% | +4.1% |
| 5-year return | +82.5% | +57.7% |
| Volatility (ann.) | 32.2% | 25.1% |
| Beta vs S&P 500 | 0.98 | 0.05 |
| Max drawdown (3Y) | -29.1% | -20.0% |
| Market cap | $77.9B | $3.1B |
| P/E (trailing) | 38.6 | 32.2 |
| Dividend yield | 0.76% | 0.84% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GM | TR |
|---|---|---|
| 2022 | -42.4% | +22.3% |
| 2023 | +7.9% | -18.8% |
| 2024 | +49.8% | +1.4% |
| 2025 | +54.2% | +17.9% |
| 2026 | +6.5% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and TR good diversifiers for each other?
Yes. With a correlation of -0.19, GM and TR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GM and TR?
As of 2026-08-27, the correlation of weekly returns between GM and TR is -0.19 over 3 years, -0.39 over 1 year and 0.02 over 5 years.
Is TR a good diversifier for GM?
Yes. With a correlation of -0.19, GM and TR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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-tr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: GM correlations · TR correlations
