ALLE vs GPC: Correlation
Measured on weekly returns over the past three years, Allegion (ALLE) and Genuine Parts Company (GPC) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and GPC?
Across a 3-year window, the weekly returns of ALLE and GPC correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 445.4 %².
Among the 33 assets we track against ALLE, GPC ranks #19 by 3-year correlation. The trailing year gives GPC the advantage: -6.4% versus +1.3%, a 7.7-point spread. On a rolling one-year basis the correlation drifted between 0.35 and 0.70, a moderate band.
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 GPC: side by side
| ALLE (Allegion) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | -6.4% | +1.3% |
| 5-year return | +19.4% | +27.6% |
| Volatility (ann.) | 24.3% | 31.9% |
| Beta vs S&P 500 | 0.60 | 0.66 |
| Max drawdown (3Y) | -29.8% | -39.7% |
| Market cap | $13.6B | $18.8B |
| P/E (trailing) | 21.0 | 546.8 |
| Dividend yield | 1.32% | 3.00% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | ALLE | GPC |
|---|---|---|
| 2022 | -19.3% | +26.8% |
| 2023 | +22.3% | -18.1% |
| 2024 | +4.7% | -13.2% |
| 2025 | +22.8% | +8.7% |
| 2026 | +1.1% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and GPC good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLE and GPC?
As of 2026-08-27, the correlation of weekly returns between ALLE and GPC is 0.57 over 3 years, 0.61 over 1 year and 0.55 over 5 years.
Is GPC a good diversifier for ALLE?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALLE correlations · GPC correlations
