FELE vs GPC: Correlation
Measured on weekly returns over the past three years, Franklin Electric Co., Inc. (FELE) and Genuine Parts Company (GPC) 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 FELE and GPC?
Over the past 3 years, FELE and GPC moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 389.6 %².
Among the 25 assets we track against FELE, GPC ranks #18 by 3-year correlation. Neither side won the trailing year by much: +3.8% against +1.3%.
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.
FELE vs GPC: side by side
| FELE (Franklin Electric Co., Inc.) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | +3.8% | +1.3% |
| 5-year return | +25.2% | +27.6% |
| Volatility (ann.) | 22.7% | 31.9% |
| Beta vs S&P 500 | 0.79 | 0.66 |
| Max drawdown (3Y) | -23.5% | -39.7% |
| Market cap | $4.5B | $18.8B |
| P/E (trailing) | 29.4 | 546.8 |
| Dividend yield | 1.06% | 3.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FELE | GPC |
|---|---|---|
| 2022 | -14.9% | +26.8% |
| 2023 | +22.4% | -18.1% |
| 2024 | +1.8% | -13.2% |
| 2025 | -0.9% | +8.7% |
| 2026 | +7.8% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FELE and GPC good diversifiers for each other?
Only partially. A correlation of 0.54 means FELE and GPC 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 FELE and GPC?
The FELE/GPC correlation stands at 0.54 on a 3-year window (1 year: 0.63, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is GPC a good diversifier for FELE?
Only partially. A correlation of 0.54 means FELE and GPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/fele-vs-gpc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fele-vs-gpc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FELE correlations · GPC correlations
