ALLE vs RPM: Correlation
Allegion (ALLE) and RPM International Inc. (RPM) 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 RPM?
On 3 years of weekly data the ALLE/RPM correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 390.0 %².
Among the 33 assets we track against ALLE, RPM ranks #5 by 3-year correlation. Over the last 12 months ALLE came out ahead by 7.9 percentage points (-6.4% against -14.3%).
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 RPM: side by side
| ALLE (Allegion) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | -6.4% | -14.3% |
| 5-year return | +19.4% | +38.7% |
| Volatility (ann.) | 24.3% | 25.0% |
| Beta vs S&P 500 | 0.60 | 0.85 |
| Max drawdown (3Y) | -29.8% | -32.0% |
| Market cap | $13.6B | $13.5B |
| P/E (trailing) | 21.0 | 20.7 |
| Dividend yield | 1.32% | 1.99% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | RPM |
|---|---|---|
| 2022 | -19.3% | -1.7% |
| 2023 | +22.3% | +16.8% |
| 2024 | +4.7% | +12.1% |
| 2025 | +22.8% | -13.9% |
| 2026 | +1.1% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and RPM good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALLE and RPM?
As of 2026-08-27, the correlation of weekly returns between ALLE and RPM is 0.64 over 3 years, 0.64 over 1 year and 0.57 over 5 years.
Is RPM a good diversifier for ALLE?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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-rpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alle-vs-rpm/)
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Related comparisons
Hubs: ALLE correlations · RPM correlations
