DE vs GGG: Correlation
Measured on weekly returns over the past three years, Deere & Company (DE) and Graco Inc. (GGG) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and GGG?
Over the past 3 years, DE and GGG moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 282.2 %².
Among the 33 assets we track against DE, GGG ranks #10 by 3-year correlation. The last year tells two different stories: DE led by 35.1 percentage points, +27.9% for DE against -7.2% for GGG.
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.
DE vs GGG: side by side
| DE (Deere & Company) | GGG (Graco Inc.) | |
|---|---|---|
| 1-year return | +27.9% | -7.2% |
| 5-year return | +74.5% | +7.7% |
| Volatility (ann.) | 26.7% | 19.0% |
| Beta vs S&P 500 | 0.65 | 0.70 |
| Max drawdown (3Y) | -19.9% | -22.6% |
| Market cap | $168.1B | $12.9B |
| P/E (trailing) | 35.2 | 25.0 |
| Dividend yield | 1.02% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | GGG |
|---|---|---|
| 2022 | +26.6% | -15.5% |
| 2023 | -5.5% | +30.6% |
| 2024 | +7.6% | -1.7% |
| 2025 | +11.4% | -1.5% |
| 2026 | +34.5% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and GGG 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 DE and GGG?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.55 over the last year and 0.47 over 5 years.
Is GGG a good diversifier for DE?
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?
A reading of 0.55 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/de-vs-ggg.json
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[](https://www.pairbook.io/pair/de-vs-ggg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DE correlations · GGG correlations
