GT vs KMT: Correlation
The Goodyear Tire & Rubber Company (GT) and Kennametal Inc. (KMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GT and KMT?
Across a 3-year window, the weekly returns of GT and KMT correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 845.6 %².
Few assets follow GT as closely as KMT, which ranks #1 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months KMT outperformed by 71.5 percentage points (-28.2% for GT against +43.3% for KMT).
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.
GT vs KMT: side by side
| GT (The Goodyear Tire & Rubber Company) | KMT (Kennametal Inc.) | |
|---|---|---|
| 1-year return | -28.2% | +43.3% |
| 5-year return | -61.1% | -6.6% |
| Volatility (ann.) | 45.0% | 33.9% |
| Beta vs S&P 500 | 0.80 | 0.73 |
| Max drawdown (3Y) | -62.8% | -42.9% |
| Market cap | $1.8B | $2.3B |
| P/E (trailing) | – | 6.8 |
| Dividend yield | 0.00% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GT | KMT |
|---|---|---|
| 2022 | -52.4% | -31.0% |
| 2023 | +41.1% | +10.5% |
| 2024 | -37.2% | -3.9% |
| 2025 | -2.7% | +22.6% |
| 2026 | -29.8% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GT and KMT good diversifiers for each other?
To a limited degree. At 0.55 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 GT and KMT?
The GT/KMT correlation stands at 0.55 on a 3-year window (1 year: 0.57, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is KMT a good diversifier for GT?
To a limited degree. At 0.55 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 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gt-vs-kmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gt-vs-kmt/)
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Related comparisons
Hubs: GT correlations · KMT correlations
