AZO vs GPC: Correlation
How closely do AutoZone (AZO) and Genuine Parts Company (GPC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZO and GPC?
Over the past 3 years, AZO and GPC moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 315.1 %².
Few assets follow AZO as closely as GPC, which ranks #3 of 30 tracked partners. Their recent paths diverged sharply: over the last 12 months GPC outperformed by 31.6 percentage points (-30.3% for AZO against +1.3% for GPC). On a rolling one-year basis the correlation drifted between 0.39 and 0.75, a moderate band.
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.
AZO vs GPC: side by side
| AZO (AutoZone) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | -30.3% | +1.3% |
| 5-year return | +88.5% | +27.6% |
| Volatility (ann.) | 23.2% | 31.9% |
| Beta vs S&P 500 | 0.31 | 0.66 |
| Max drawdown (3Y) | -32.9% | -39.7% |
| Market cap | – | $18.8B |
| P/E (trailing) | 20.6 | 546.8 |
| Dividend yield | 0.00% | 3.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | AZO | GPC |
|---|---|---|
| 2022 | +17.6% | +26.8% |
| 2023 | +4.8% | -18.1% |
| 2024 | +23.8% | -13.2% |
| 2025 | +5.9% | +8.7% |
| 2026 | -13.5% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZO and GPC good diversifiers for each other?
Reasonably. At 0.43, AZO and GPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AZO and GPC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.39 over the last year and 0.52 over 5 years.
Is GPC a good diversifier for AZO?
Reasonably. At 0.43, AZO and GPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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: AZO correlations · GPC correlations
