FAST vs GGG: Correlation
Fastenal (FAST) and Graco Inc. (GGG) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAST and GGG?
Across a 3-year window, the weekly returns of FAST and GGG correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 258.6 %².
Few assets follow FAST as closely as GGG, which ranks #2 of 33 tracked partners. On 12-month performance FAST holds a 11.3-point edge, +4.1% against -7.2%.
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.
FAST vs GGG: side by side
| FAST (Fastenal) | GGG (Graco Inc.) | |
|---|---|---|
| 1-year return | +4.1% | -7.2% |
| 5-year return | +105.5% | +7.7% |
| Volatility (ann.) | 24.0% | 19.0% |
| Beta vs S&P 500 | 0.63 | 0.70 |
| Max drawdown (3Y) | -21.9% | -22.6% |
| Market cap | $58.7B | $12.9B |
| P/E (trailing) | 43.7 | 25.0 |
| Dividend yield | 1.80% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FAST | GGG |
|---|---|---|
| 2022 | -24.3% | -15.5% |
| 2023 | +41.3% | +30.6% |
| 2024 | +13.5% | -1.7% |
| 2025 | +14.0% | -1.5% |
| 2026 | +29.5% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAST and GGG good diversifiers for each other?
Only partially. A correlation of 0.57 means FAST and GGG 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 FAST and GGG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.48 over the last year and 0.61 over 5 years.
Is GGG a good diversifier for FAST?
Only partially. A correlation of 0.57 means FAST and GGG 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?
On the −1 to +1 scale, 0.57 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/fast-vs-ggg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fast-vs-ggg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FAST correlations · GGG correlations
