GS vs KKR: Correlation
How closely do Goldman Sachs (GS) and KKR & Co. (KKR) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and KKR?
Across a 3-year window, the weekly returns of GS and KKR correlate at 0.69, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.69). Stretching to 5 years gives 0.69, with an annualized covariance of 698.7 %².
By 3-year correlation, KKR places #19 of the 41 assets tracked against GS. Correlation aside, the last 12 months split them widely, with GS ahead by 63.2 points (+41.6% versus -21.6%). Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.85.
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 KKR: side by side
| GS (Goldman Sachs) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | +41.6% | -21.6% |
| 5-year return | +184.1% | +77.3% |
| Volatility (ann.) | 27.0% | 37.8% |
| Beta vs S&P 500 | 1.34 | 1.76 |
| Max drawdown (3Y) | -30.9% | -49.4% |
| Market cap | $303.1B | $101.0B |
| P/E (trailing) | 16.1 | 34.7 |
| Dividend yield | 1.63% | 0.70% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GS | KKR |
|---|---|---|
| 2022 | -7.9% | -37.0% |
| 2023 | +15.9% | +80.5% |
| 2024 | +52.0% | +79.6% |
| 2025 | +56.6% | -13.3% |
| 2026 | +19.6% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GS and KKR good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GS and KKR?
The GS/KKR correlation stands at 0.69 on a 3-year window (1 year: 0.52, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is KKR a good diversifier for GS?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GS correlations · KKR correlations
