GS vs IBKR: Correlation
Goldman Sachs (GS) and Interactive Brokers (IBKR) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and IBKR?
On 3 years of weekly data the GS/IBKR correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.48 over 3. The 5-year figure is 0.50, and annualized covariance runs at 434.5 %².
Within GS's tracked universe of 41 assets, IBKR comes in at #28 by 3-year correlation. The last year tells two different stories: IBKR led by 15.4 percentage points, +41.6% for GS against +57.0% for IBKR. This link changes with the market regime, having swung between -0.06 and 0.67 on a rolling one-year basis.
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.
GS vs IBKR: side by side
| GS (Goldman Sachs) | IBKR (Interactive Brokers) | |
|---|---|---|
| 1-year return | +41.6% | +57.0% |
| 5-year return | +184.1% | +516.0% |
| Volatility (ann.) | 27.0% | 33.9% |
| Beta vs S&P 500 | 1.34 | 1.37 |
| Max drawdown (3Y) | -30.9% | -38.7% |
| Market cap | $303.1B | $164.5B |
| P/E (trailing) | 16.1 | 38.5 |
| Dividend yield | 1.63% | 0.34% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GS | IBKR |
|---|---|---|
| 2022 | -7.9% | -8.4% |
| 2023 | +15.9% | +15.1% |
| 2024 | +52.0% | +114.4% |
| 2025 | +56.6% | +46.4% |
| 2026 | +19.6% | +50.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GS and IBKR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GS and IBKR?
The GS/IBKR correlation stands at 0.48 on a 3-year window (1 year: 0.44, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is IBKR a good diversifier for GS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: GS correlations · IBKR correlations
