DD vs PPG: Correlation
DuPont (DD) and PPG Industries (PPG) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and PPG?
On 3 years of weekly data the DD/PPG correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 402.0 %².
Within DD's tracked universe of 34 assets, PPG comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DD outperformed by 40.9 percentage points (+44.7% for DD against +3.8% for PPG). On a rolling one-year basis the correlation drifted between 0.28 and 0.72, 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.
DD vs PPG: side by side
| DD (DuPont) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | +44.7% | +3.8% |
| 5-year return | +64.0% | -22.0% |
| Volatility (ann.) | 28.8% | 25.5% |
| Beta vs S&P 500 | 0.93 | 0.90 |
| Max drawdown (3Y) | -37.8% | -37.4% |
| Market cap | $18.7B | $25.2B |
| P/E (trailing) | 59.1 | 16.4 |
| Dividend yield | 2.20% | 2.48% |
| Sector / category | Industrials | Materials |
Year-by-year returns
| Year | DD | PPG |
|---|---|---|
| 2022 | -13.4% | -25.7% |
| 2023 | +14.4% | +21.2% |
| 2024 | +1.0% | -18.5% |
| 2025 | +28.7% | -12.0% |
| 2026 | +16.0% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and PPG good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DD and PPG?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.49 over the last year and 0.59 over 5 years.
Is PPG a good diversifier for DD?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dd-vs-ppg.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DD correlations · PPG correlations
