CULP vs GPMT: Correlation
Culp, Inc. (CULP) and Granite Point Mortgage Trust Inc. (GPMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CULP and GPMT?
Over the past 3 years, CULP and GPMT moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 663.4 %².
GPMT is one of the assets that tracks CULP most closely: it ranks #3 out of the 11 assets we track against CULP. Correlation aside, the last 12 months split them widely, with CULP ahead by 38.9 points (-17.9% versus -56.8%).
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.
CULP vs GPMT: side by side
| CULP (Culp, Inc.) | GPMT (Granite Point Mortgage Trust Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -56.8% |
| 5-year return | -73.3% | -86.4% |
| Volatility (ann.) | 39.5% | 47.2% |
| Beta vs S&P 500 | 0.60 | 1.20 |
| Max drawdown (3Y) | -58.6% | -78.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 19.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CULP | GPMT |
|---|---|---|
| 2022 | -50.4% | -48.3% |
| 2023 | +26.1% | +28.8% |
| 2024 | +1.4% | -49.0% |
| 2025 | -39.4% | -7.0% |
| 2026 | -3.8% | -51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CULP and GPMT good diversifiers for each other?
Reasonably. At 0.36, CULP and GPMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CULP and GPMT?
As of 2026-08-27, the correlation of weekly returns between CULP and GPMT is 0.36 over 3 years, 0.43 over 1 year and 0.35 over 5 years.
Is GPMT a good diversifier for CULP?
Reasonably. At 0.36, CULP and GPMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/culp-vs-gpmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/culp-vs-gpmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CULP correlations · GPMT correlations
