GSM vs KRO: Correlation
Measured on weekly returns over the past three years, Ferroglobe PLC (GSM) and Kronos Worldwide Inc (KRO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSM and KRO?
Across a 3-year window, the weekly returns of GSM and KRO correlate at 0.53, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.53). Stretching to 5 years gives 0.43, with an annualized covariance of 1522.7 %².
Few assets follow GSM as closely as KRO, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with KRO ahead by 48.9 points (-3.3% versus +45.6%).
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.
GSM vs KRO: side by side
| GSM (Ferroglobe PLC) | KRO (Kronos Worldwide Inc) | |
|---|---|---|
| 1-year return | -3.3% | +45.6% |
| 5-year return | -45.4% | -15.4% |
| Volatility (ann.) | 52.6% | 55.0% |
| Beta vs S&P 500 | 1.11 | 1.47 |
| Max drawdown (3Y) | -53.7% | -68.7% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 1.43% | 2.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSM | KRO |
|---|---|---|
| 2022 | -38.0% | -33.7% |
| 2023 | +69.1% | +14.9% |
| 2024 | -40.9% | +2.5% |
| 2025 | +23.7% | -53.1% |
| 2026 | -12.0% | +101.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSM and KRO good diversifiers for each other?
Only partially. A correlation of 0.53 means GSM and KRO 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 GSM and KRO?
The GSM/KRO correlation stands at 0.53 on a 3-year window (1 year: 0.70, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is KRO a good diversifier for GSM?
Only partially. A correlation of 0.53 means GSM and KRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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: GSM correlations · KRO correlations
