AOS vs GPC: Correlation
How closely do A. O. Smith (AOS) and Genuine Parts Company (GPC) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and GPC?
Over the past 3 years, AOS and GPC moved with a correlation of 0.51, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.51). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 383.4 %².
Among the 33 assets we track against AOS, GPC ranks #19 by 3-year correlation. The trailing year gives GPC the advantage: -12.6% versus +1.3%, a 13.9-point spread. The rolling one-year correlation moved between 0.32 and 0.64 over the past three years, a moderate range.
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 GPC: side by side
| AOS (A. O. Smith) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | -12.6% | +1.3% |
| 5-year return | -6.7% | +27.6% |
| Volatility (ann.) | 23.5% | 31.9% |
| Beta vs S&P 500 | 0.67 | 0.66 |
| Max drawdown (3Y) | -36.9% | -39.7% |
| Market cap | $8.4B | $18.8B |
| P/E (trailing) | 17.4 | 546.8 |
| Dividend yield | 2.27% | 3.00% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | AOS | GPC |
|---|---|---|
| 2022 | -32.1% | +26.8% |
| 2023 | +46.7% | -18.1% |
| 2024 | -15.9% | -13.2% |
| 2025 | +0.1% | +8.7% |
| 2026 | -5.8% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and GPC good diversifiers for each other?
To a limited degree. At 0.51 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 GPC?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.63 over the last year and 0.50 over 5 years.
Is GPC a good diversifier for AOS?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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.
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Related comparisons
Hubs: AOS correlations · GPC correlations
