AIN vs GWW: Correlation
Measured on weekly returns over the past three years, Albany International Corporation (AIN) and W. W. Grainger (GWW) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and GWW?
Over the past 3 years, AIN and GWW moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 452.7 %².
By 3-year correlation, GWW places #8 of the 20 assets tracked against AIN. Their recent paths diverged sharply: over the last 12 months GWW outperformed by 36.6 percentage points (-5.6% for AIN against +31.0% for GWW). Risk is not evenly split, since AIN carries 1.6 times the volatility of the other side.
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.
AIN vs GWW: side by side
| AIN (Albany International Corporation) | GWW (W. W. Grainger) | |
|---|---|---|
| 1-year return | -5.6% | +31.0% |
| 5-year return | -19.2% | +219.4% |
| Volatility (ann.) | 36.2% | 23.3% |
| Beta vs S&P 500 | 1.13 | 0.74 |
| Max drawdown (3Y) | -57.1% | -24.5% |
| Market cap | $1.7B | $62.2B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 1.88% | 0.69% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AIN | GWW |
|---|---|---|
| 2022 | +12.6% | +8.7% |
| 2023 | +0.7% | +50.5% |
| 2024 | -17.6% | +28.2% |
| 2025 | -35.5% | -3.4% |
| 2026 | +17.9% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and GWW 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 AIN and GWW?
As of 2026-08-27, the correlation of weekly returns between AIN and GWW is 0.54 over 3 years, 0.58 over 1 year and 0.52 over 5 years.
Is GWW a good diversifier for AIN?
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?
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/ain-vs-gww.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ain-vs-gww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIN correlations · GWW correlations
