GM vs WASH: Correlation
General Motors (GM) and Washington Trust Bancorp, Inc. (WASH) 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 WASH?
Over the past 3 years, GM and WASH moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 578.3 %².
Among the 35 assets we track against GM, WASH ranks #15 by 3-year correlation. On 12-month performance GM holds a 7.9-point edge, +48.0% against +40.1%.
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 WASH: side by side
| GM (General Motors) | WASH (Washington Trust Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +48.0% | +40.1% |
| 5-year return | +82.5% | +4.8% |
| Volatility (ann.) | 32.2% | 34.9% |
| Beta vs S&P 500 | 0.98 | 1.04 |
| Max drawdown (3Y) | -29.1% | -32.3% |
| Market cap | $77.9B | $0.8B |
| P/E (trailing) | 38.6 | 13.7 |
| Dividend yield | 0.76% | 5.64% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GM | WASH |
|---|---|---|
| 2022 | -42.4% | -12.5% |
| 2023 | +7.9% | -26.1% |
| 2024 | +49.8% | +2.7% |
| 2025 | +54.2% | +1.7% |
| 2026 | +6.5% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and WASH 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 WASH?
The GM/WASH correlation stands at 0.51 on a 3-year window (1 year: 0.55, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is WASH 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?
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-wash.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GM correlations · WASH correlations
