DE vs PPG: Correlation
Measured on weekly returns over the past three years, Deere & Company (DE) and PPG Industries (PPG) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and PPG?
On 3 years of weekly data the DE/PPG correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 366.5 %².
By 3-year correlation, PPG places #11 of the 33 assets tracked against DE. The last year tells two different stories: DE led by 24.1 percentage points, +27.9% for DE against +3.8% for PPG. On a rolling one-year basis the correlation drifted between 0.32 and 0.64, 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.
DE vs PPG: side by side
| DE (Deere & Company) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | +27.9% | +3.8% |
| 5-year return | +74.5% | -22.0% |
| Volatility (ann.) | 26.7% | 25.5% |
| Beta vs S&P 500 | 0.65 | 0.90 |
| Max drawdown (3Y) | -19.9% | -37.4% |
| Market cap | $168.1B | $25.2B |
| P/E (trailing) | 35.2 | 16.4 |
| Dividend yield | 1.02% | 2.48% |
| Sector / category | Industrials | Materials |
Year-by-year returns
| Year | DE | PPG |
|---|---|---|
| 2022 | +26.6% | -25.7% |
| 2023 | -5.5% | +21.2% |
| 2024 | +7.6% | -18.5% |
| 2025 | +11.4% | -12.0% |
| 2026 | +34.5% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and PPG good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DE and PPG?
As of 2026-08-27, the correlation of weekly returns between DE and PPG is 0.54 over 3 years, 0.54 over 1 year and 0.41 over 5 years.
Is PPG a good diversifier for DE?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/de-vs-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/de-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DE correlations · PPG correlations
