ALLE vs GGG: Correlation
Allegion (ALLE) and Graco Inc. (GGG) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and GGG?
On 3 years of weekly data the ALLE/GGG correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 294.5 %².
Among the 33 assets we track against ALLE, GGG ranks #4 by 3-year correlation. Their 12-month results are close: -6.4% for ALLE against -7.2% for GGG.
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.
ALLE vs GGG: side by side
| ALLE (Allegion) | GGG (Graco Inc.) | |
|---|---|---|
| 1-year return | -6.4% | -7.2% |
| 5-year return | +19.4% | +7.7% |
| Volatility (ann.) | 24.3% | 19.0% |
| Beta vs S&P 500 | 0.60 | 0.70 |
| Max drawdown (3Y) | -29.8% | -22.6% |
| Market cap | $13.6B | $12.9B |
| P/E (trailing) | 21.0 | 25.0 |
| Dividend yield | 1.32% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | GGG |
|---|---|---|
| 2022 | -19.3% | -15.5% |
| 2023 | +22.3% | +30.6% |
| 2024 | +4.7% | -1.7% |
| 2025 | +22.8% | -1.5% |
| 2026 | +1.1% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and GGG good diversifiers for each other?
Only partially. A correlation of 0.64 means ALLE and GGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALLE and GGG?
The ALLE/GGG correlation stands at 0.64 on a 3-year window (1 year: 0.65, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is GGG a good diversifier for ALLE?
Only partially. A correlation of 0.64 means ALLE and GGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alle-vs-ggg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alle-vs-ggg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLE correlations · GGG correlations
