CPRT vs GWW: Correlation
Copart (CPRT) and W. W. Grainger (GWW) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and GWW?
Across a 3-year window, the weekly returns of CPRT and GWW correlate at 0.42, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.42). Stretching to 5 years gives 0.47, with an annualized covariance of 253.7 %².
By 3-year correlation, GWW places #21 of the 35 assets tracked against CPRT. The last year tells two different stories: GWW led by 63.6 percentage points, -32.6% for CPRT against +31.0% for GWW. Across three years, the rolling one-year figure varied moderately, from 0.22 to 0.60.
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.
CPRT vs GWW: side by side
| CPRT (Copart) | GWW (W. W. Grainger) | |
|---|---|---|
| 1-year return | -32.6% | +31.0% |
| 5-year return | -9.3% | +219.4% |
| Volatility (ann.) | 26.0% | 23.3% |
| Beta vs S&P 500 | 0.86 | 0.74 |
| Max drawdown (3Y) | -57.4% | -24.5% |
| Market cap | $30.3B | $62.2B |
| P/E (trailing) | 20.2 | 34.0 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CPRT | GWW |
|---|---|---|
| 2022 | -19.7% | +8.7% |
| 2023 | +60.9% | +50.5% |
| 2024 | +17.1% | +28.2% |
| 2025 | -31.8% | -3.4% |
| 2026 | -16.3% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and GWW good diversifiers for each other?
Reasonably. At 0.42, CPRT and GWW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPRT and GWW?
As of 2026-08-27, the correlation of weekly returns between CPRT and GWW is 0.42 over 3 years, 0.18 over 1 year and 0.47 over 5 years.
Is GWW a good diversifier for CPRT?
Reasonably. At 0.42, CPRT and GWW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/cprt-vs-gww.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cprt-vs-gww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPRT correlations · GWW correlations
