AOS vs GGG: Correlation
A. O. Smith (AOS) and Graco Inc. (GGG) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and GGG?
Across a 3-year window, the weekly returns of AOS and GGG correlate at 0.69, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 306.9 %².
GGG is one of the assets that tracks AOS most closely: it ranks #2 out of the 33 assets we track against AOS. The trailing year gives GGG the advantage: -12.6% versus -7.2%, a 5.4-point spread.
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.
AOS vs GGG: side by side
| AOS (A. O. Smith) | GGG (Graco Inc.) | |
|---|---|---|
| 1-year return | -12.6% | -7.2% |
| 5-year return | -6.7% | +7.7% |
| Volatility (ann.) | 23.5% | 19.0% |
| Beta vs S&P 500 | 0.67 | 0.70 |
| Max drawdown (3Y) | -36.9% | -22.6% |
| Market cap | $8.4B | $12.9B |
| P/E (trailing) | 17.4 | 25.0 |
| Dividend yield | 2.27% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AOS | GGG |
|---|---|---|
| 2022 | -32.1% | -15.5% |
| 2023 | +46.7% | +30.6% |
| 2024 | -15.9% | -1.7% |
| 2025 | +0.1% | -1.5% |
| 2026 | -5.8% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and GGG good diversifiers for each other?
To a limited degree. At 0.69 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 AOS and GGG?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.75 over the last year and 0.71 over 5 years.
Is GGG a good diversifier for AOS?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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/aos-vs-ggg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aos-vs-ggg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOS correlations · GGG correlations
