AME vs GGG: Correlation
Measured on weekly returns over the past three years, Ametek (AME) and Graco Inc. (GGG) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and GGG?
On 3 years of weekly data the AME/GGG correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 253.0 %².
Among the 31 assets we track against AME, GGG ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AME ahead by 38.6 points (+31.4% versus -7.2%).
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.
AME vs GGG: side by side
| AME (Ametek) | GGG (Graco Inc.) | |
|---|---|---|
| 1-year return | +31.4% | -7.2% |
| 5-year return | +83.6% | +7.7% |
| Volatility (ann.) | 20.4% | 19.0% |
| Beta vs S&P 500 | 0.84 | 0.70 |
| Max drawdown (3Y) | -23.0% | -22.6% |
| Market cap | $55.9B | $12.9B |
| P/E (trailing) | 35.8 | 25.0 |
| Dividend yield | 0.53% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AME | GGG |
|---|---|---|
| 2022 | -4.3% | -15.5% |
| 2023 | +18.8% | +30.6% |
| 2024 | +10.0% | -1.7% |
| 2025 | +14.7% | -1.5% |
| 2026 | +19.1% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and GGG good diversifiers for each other?
To a limited degree. At 0.65 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 AME and GGG?
As of 2026-08-27, the correlation of weekly returns between AME and GGG is 0.65 over 3 years, 0.58 over 1 year and 0.71 over 5 years.
Is GGG a good diversifier for AME?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/ame-vs-ggg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ame-vs-ggg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AME correlations · GGG correlations
