Goldman Sachs Group Inc. (GS) — Stock Correlations & Overview
Over the past year, GS has moved most closely with MS, BNKU, IAI. Explore the stocks most correlated and inversely correlated with GS below, along with its price, financials, and company profile.
Stocks correlated with GS
Correlation of daily returns. Higher positive values move with GS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GS
| Symbol | Company | Correlation |
|---|---|---|
| MS | Morgan StanleySECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.85 |
| BNKU | MicroSectors U.S. Big Banks 3x Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | 0.78 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 0.78 |
| GSIB | Themes Global Systemically Important Banks ETF | 0.74 |
| KBWB | Invesco KBW Bank ETFINVESTMENT ADVICE | 0.74 |
Most inversely correlated with GS
| Symbol | Company | Correlation |
|---|---|---|
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.78 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.71 |
| DXD | ProShares UltraShort Dow 30 | -0.71 |
| DOG | ProShares Short Dow30 | -0.70 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.65 |
Frequently asked questions about GS correlations
- Which stocks are most correlated with GS?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs Group Inc. (GS) are MS (0.85), BNKU (0.78) and IAI (0.78). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GS?
- Over the past year, the stocks most inversely correlated with Goldman Sachs Group Inc. (GS) are BNKD (-0.78), SDOW (-0.71) and DXD (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GS correlations calculated?
- We compute the correlation of daily returns between GS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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