GTX vs KALU: Correlation
Garrett Motion Inc. (GTX) and Kaiser Aluminum Corporation (KALU) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTX and KALU?
On 3 years of weekly data the GTX/KALU correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.52 over 3. The 5-year figure is 0.42, and annualized covariance runs at 1045.7 %².
KALU is one of the assets that tracks GTX most closely: it ranks #1 out of the 10 assets we track against GTX. The trailing year gives GTX the advantage: +111.6% versus +103.8%, a 7.8-point spread.
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.
GTX vs KALU: side by side
| GTX (Garrett Motion Inc.) | KALU (Kaiser Aluminum Corporation) | |
|---|---|---|
| 1-year return | +111.6% | +103.8% |
| 5-year return | +313.6% | +51.7% |
| Volatility (ann.) | 43.0% | 46.6% |
| Beta vs S&P 500 | 1.04 | 1.72 |
| Max drawdown (3Y) | -28.7% | -48.9% |
| Market cap | $5.1B | $2.6B |
| P/E (trailing) | 14.8 | 11.6 |
| Dividend yield | 1.11% | 1.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTX | KALU |
|---|---|---|
| 2022 | -5.1% | -16.2% |
| 2023 | +26.9% | -2.1% |
| 2024 | -6.6% | +2.7% |
| 2025 | +97.2% | +70.1% |
| 2026 | +58.4% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTX and KALU good diversifiers for each other?
To a limited degree. At 0.52 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 GTX and KALU?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.42 over 5 years.
Is KALU a good diversifier for GTX?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/gtx-vs-kalu.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gtx-vs-kalu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTX correlations · KALU correlations
