DXPE vs GHM: Correlation
Measured on weekly returns over the past three years, DXP Enterprises, Inc. (DXPE) and Graham Corporation (GHM) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXPE and GHM?
On 3 years of weekly data the DXPE/GHM correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.57 over 3. The 5-year figure is 0.36, and annualized covariance runs at 1388.8 %².
Few assets follow DXPE as closely as GHM, which ranks #2 of 12 tracked partners. The last year tells two different stories: GHM led by 30.9 percentage points, +55.3% for DXPE against +86.2% for GHM.
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.
DXPE vs GHM: side by side
| DXPE (DXP Enterprises, Inc.) | GHM (Graham Corporation) | |
|---|---|---|
| 1-year return | +55.3% | +86.2% |
| 5-year return | +542.5% | +676.7% |
| Volatility (ann.) | 49.8% | 49.3% |
| Beta vs S&P 500 | 1.41 | 1.56 |
| Max drawdown (3Y) | -33.0% | -46.5% |
| Market cap | $3.0B | $1.1B |
| P/E (trailing) | 33.5 | 88.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXPE | GHM |
|---|---|---|
| 2022 | +7.3% | -22.7% |
| 2023 | +22.3% | +97.2% |
| 2024 | +145.2% | +134.4% |
| 2025 | +32.9% | +44.4% |
| 2026 | +75.6% | +45.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXPE and GHM good diversifiers for each other?
Only partially. A correlation of 0.57 means DXPE and GHM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DXPE and GHM?
As of 2026-08-27, the correlation of weekly returns between DXPE and GHM is 0.57 over 3 years, 0.53 over 1 year and 0.36 over 5 years.
Is GHM a good diversifier for DXPE?
Only partially. A correlation of 0.57 means DXPE and GHM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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.
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Related comparisons
Hubs: DXPE correlations · GHM correlations
