GSIT vs KALU: Correlation
How closely do GSI Technology, Inc. (GSIT) and Kaiser Aluminum Corporation (KALU) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIT and KALU?
On 3 years of weekly data the GSIT/KALU correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 2266.4 %².
Few assets follow GSIT as closely as KALU, which ranks #3 of 11 tracked partners. On 12-month performance KALU holds a 6.5-point edge, +97.3% against +103.8%. Note the risk asymmetry: GSIT runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GSIT vs KALU: side by side
| GSIT (GSI Technology, Inc.) | KALU (Kaiser Aluminum Corporation) | |
|---|---|---|
| 1-year return | +97.3% | +103.8% |
| 5-year return | +5.1% | +51.7% |
| Volatility (ann.) | 109.2% | 46.6% |
| Beta vs S&P 500 | 3.12 | 1.72 |
| Max drawdown (3Y) | -66.7% | -48.9% |
| Market cap | $0.2B | $2.6B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 1.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIT | KALU |
|---|---|---|
| 2022 | -62.6% | -16.2% |
| 2023 | +52.6% | -2.1% |
| 2024 | +14.8% | +2.7% |
| 2025 | +105.0% | +70.1% |
| 2026 | -4.3% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIT and KALU good diversifiers for each other?
Reasonably. At 0.45, GSIT and KALU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSIT and KALU?
The GSIT/KALU correlation stands at 0.45 on a 3-year window (1 year: 0.51, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is KALU a good diversifier for GSIT?
Reasonably. At 0.45, GSIT and KALU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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: GSIT correlations · KALU correlations
