GS vs SF: Correlation
Measured on weekly returns over the past three years, Goldman Sachs (GS) and Stifel Financial Corporation (SF) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and SF?
Over the past 3 years, GS and SF moved with a correlation of 0.76, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.52 versus 0.76 over 3 years. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 553.6 %².
Within GS's tracked universe of 41 assets, SF comes in at #10 by 3-year correlation. The last year tells two different stories: GS led by 35.6 percentage points, +41.6% for GS against +6.0% for SF.
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 SF: side by side
| GS (Goldman Sachs) | SF (Stifel Financial Corporation) | |
|---|---|---|
| 1-year return | +41.6% | +6.0% |
| 5-year return | +184.1% | +92.0% |
| Volatility (ann.) | 27.0% | 27.2% |
| Beta vs S&P 500 | 1.34 | 1.23 |
| Max drawdown (3Y) | -30.9% | -34.7% |
| Market cap | $303.1B | $12.2B |
| P/E (trailing) | 16.1 | 14.4 |
| Dividend yield | 1.63% | 1.59% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GS | SF |
|---|---|---|
| 2022 | -7.9% | -15.6% |
| 2023 | +15.9% | +21.2% |
| 2024 | +52.0% | +56.4% |
| 2025 | +56.6% | +20.1% |
| 2026 | +19.6% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GS and SF good diversifiers for each other?
Only partially. A correlation of 0.76 means GS and SF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GS and SF?
The GS/SF correlation stands at 0.76 on a 3-year window (1 year: 0.52, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SF a good diversifier for GS?
Only partially. A correlation of 0.76 means GS and SF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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 · SF correlations
