GS vs LAZ: Correlation
Measured on weekly returns over the past three years, Goldman Sachs (GS) and Lazard, Inc. (LAZ) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and LAZ?
Across a 3-year window, the weekly returns of GS and LAZ correlate at 0.68, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.68). Stretching to 5 years gives 0.66, with an annualized covariance of 665.7 %².
Within GS's tracked universe of 41 assets, LAZ comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GS outperformed by 63.5 percentage points (+41.6% for GS against -21.9% for LAZ).
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 LAZ: side by side
| GS (Goldman Sachs) | LAZ (Lazard, Inc.) | |
|---|---|---|
| 1-year return | +41.6% | -21.9% |
| 5-year return | +184.1% | +14.6% |
| Volatility (ann.) | 27.0% | 36.4% |
| Beta vs S&P 500 | 1.34 | 1.49 |
| Max drawdown (3Y) | -30.9% | -44.2% |
| Market cap | $303.1B | $4.2B |
| P/E (trailing) | 16.1 | 21.1 |
| Dividend yield | 1.63% | 4.67% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GS | LAZ |
|---|---|---|
| 2022 | -7.9% | -16.2% |
| 2023 | +15.9% | +6.9% |
| 2024 | +52.0% | +54.8% |
| 2025 | +56.6% | -1.6% |
| 2026 | +19.6% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GS and LAZ good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GS and LAZ?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.58 over the last year and 0.66 over 5 years.
Is LAZ a good diversifier for GS?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gs-vs-laz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gs-vs-laz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GS correlations · LAZ correlations
