ABG vs GPI: Correlation
Measured on weekly returns over the past three years, Asbury Automotive Group Inc (ABG) and Group 1 Automotive, Inc. (GPI) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and GPI?
Across a 3-year window, the weekly returns of ABG and GPI correlate at 0.68, strong. Lately the two have drifted apart, with the 1-year correlation at 0.55 versus 0.68 over 3 years. Stretching to 5 years gives 0.73, with an annualized covariance of 720.2 %².
Among the 12 assets we track against ABG, GPI ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABG outperformed by 26.9 percentage points (-17.9% for ABG against -44.8% for GPI).
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.
ABG vs GPI: side by side
| ABG (Asbury Automotive Group Inc) | GPI (Group 1 Automotive, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -44.8% |
| 5-year return | +13.5% | +64.3% |
| Volatility (ann.) | 33.4% | 31.9% |
| Beta vs S&P 500 | 1.02 | 0.68 |
| Max drawdown (3Y) | -42.4% | -48.6% |
| Market cap | $3.8B | $3.1B |
| P/E (trailing) | 7.8 | 10.8 |
| Dividend yield | 0.00% | 0.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | GPI |
|---|---|---|
| 2022 | +3.8% | -6.9% |
| 2023 | +25.5% | +70.2% |
| 2024 | +8.0% | +39.1% |
| 2025 | -4.3% | -6.3% |
| 2026 | -9.4% | -33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and GPI good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABG and GPI?
The ABG/GPI correlation stands at 0.68 on a 3-year window (1 year: 0.55, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is GPI a good diversifier for ABG?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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/abg-vs-gpi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abg-vs-gpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABG correlations · GPI correlations
