CHKP vs GNRC: Correlation
How closely do Check Point Software Technologies Ltd. (CHKP) and Generac (GNRC) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHKP and GNRC?
On 3 years of weekly data the CHKP/GNRC correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.14). The 5-year figure is 0.06, and annualized covariance runs at -183.9 %².
Out of 12 assets tracked against CHKP, GNRC lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months GNRC outperformed by 35.6 percentage points (-30.1% for CHKP against +5.5% for GNRC). One caveat on sizing: GNRC is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHKP vs GNRC: side by side
| CHKP (Check Point Software Technologies Ltd.) | GNRC (Generac) | |
|---|---|---|
| 1-year return | -30.1% | +5.5% |
| 5-year return | +5.2% | -55.4% |
| Volatility (ann.) | 29.0% | 46.1% |
| Beta vs S&P 500 | 0.41 | 1.35 |
| Max drawdown (3Y) | -51.8% | -47.8% |
| Market cap | $13.6B | $11.6B |
| P/E (trailing) | 13.2 | 47.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CHKP | GNRC |
|---|---|---|
| 2022 | +8.2% | -71.4% |
| 2023 | +21.1% | +28.4% |
| 2024 | +22.2% | +20.0% |
| 2025 | -0.6% | -12.0% |
| 2026 | -28.2% | +44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHKP and GNRC good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHKP and GNRC?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.31 over the last year and 0.06 over 5 years.
Is GNRC a good diversifier for CHKP?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 mean?
A reading of -0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHKP correlations · GNRC correlations
