AMZN vs GRMN: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Garmin (GRMN) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and GRMN?
Across a 3-year window, the weekly returns of AMZN and GRMN correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 472.8 %².
By 3-year correlation, GRMN places #20 of the 38 assets tracked against AMZN. On 12-month performance GRMN holds a 13.3-point edge, +11.8% against +25.1%. Across three years, the rolling one-year figure varied moderately, from 0.19 to 0.58.
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.
AMZN vs GRMN: side by side
| AMZN (Amazon) | GRMN (Garmin) | |
|---|---|---|
| 1-year return | +11.8% | +25.1% |
| 5-year return | +49.8% | +80.9% |
| Volatility (ann.) | 31.0% | 34.7% |
| Beta vs S&P 500 | 1.48 | 1.06 |
| Max drawdown (3Y) | -30.9% | -28.0% |
| Market cap | $2,764.1B | $55.9B |
| P/E (trailing) | 20.9 | 29.9 |
| Dividend yield | 0.00% | 1.45% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | AMZN | GRMN |
|---|---|---|
| 2022 | -49.6% | -30.2% |
| 2023 | +80.9% | +43.1% |
| 2024 | +44.4% | +63.3% |
| 2025 | +5.2% | -0.1% |
| 2026 | +11.0% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and GRMN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMZN and GRMN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.36 over the last year and 0.43 over 5 years.
Is GRMN a good diversifier for AMZN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/amzn-vs-grmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amzn-vs-grmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZN correlations · GRMN correlations
