GM vs USB: Correlation
Measured on weekly returns over the past three years, General Motors (GM) and U.S. Bancorp (USB) 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 USB?
Across a 3-year window, the weekly returns of GM and USB correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 445.8 %².
By 3-year correlation, USB places #14 of the 35 assets tracked against GM. On 12-month performance GM holds a 14.9-point edge, +48.0% against +33.1%. The rolling one-year correlation moved between 0.36 and 0.63 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 USB: side by side
| GM (General Motors) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +48.0% | +33.1% |
| 5-year return | +82.5% | +36.0% |
| Volatility (ann.) | 32.2% | 27.3% |
| Beta vs S&P 500 | 0.98 | 1.09 |
| Max drawdown (3Y) | -29.1% | -30.6% |
| Market cap | $77.9B | $97.2B |
| P/E (trailing) | 38.6 | 12.5 |
| Dividend yield | 0.76% | 3.31% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | GM | USB |
|---|---|---|
| 2022 | -42.4% | -19.1% |
| 2023 | +7.9% | +4.8% |
| 2024 | +49.8% | +15.6% |
| 2025 | +54.2% | +16.5% |
| 2026 | +6.5% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and USB good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GM and USB?
As of 2026-08-27, the correlation of weekly returns between GM and USB is 0.51 over 3 years, 0.47 over 1 year and 0.56 over 5 years.
Is USB a good diversifier for GM?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gm-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GM correlations · USB correlations
