GT vs RYZ: Correlation
The Goodyear Tire & Rubber Company (GT) and Ryerson Holding Corporation (RYZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GT and RYZ?
On 3 years of weekly data the GT/RYZ correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 1148.5 %².
By 3-year correlation, RYZ places #4 of the 11 assets tracked against GT. The last year tells two different stories: RYZ led by 43.4 percentage points, -28.2% for GT against +15.2% for RYZ.
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 RYZ: side by side
| GT (The Goodyear Tire & Rubber Company) | RYZ (Ryerson Holding Corporation) | |
|---|---|---|
| 1-year return | -28.2% | +15.2% |
| 5-year return | -61.1% | +20.9% |
| Volatility (ann.) | 45.0% | 47.4% |
| Beta vs S&P 500 | 0.80 | 1.18 |
| Max drawdown (3Y) | -62.8% | -49.0% |
| Market cap | $1.8B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GT | RYZ |
|---|---|---|
| 2022 | -52.4% | +18.3% |
| 2023 | +41.1% | +17.1% |
| 2024 | -37.2% | -44.9% |
| 2025 | -2.7% | +40.4% |
| 2026 | -29.8% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GT and RYZ good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GT and RYZ?
The GT/RYZ correlation stands at 0.54 on a 3-year window (1 year: 0.63, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is RYZ a good diversifier for GT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/gt-vs-ryz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gt-vs-ryz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GT correlations · RYZ correlations
