FELE vs GRC: Correlation
Measured on weekly returns over the past three years, Franklin Electric Co., Inc. (FELE) and Gorman-Rupp Company (The) (GRC) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FELE and GRC?
On 3 years of weekly data the FELE/GRC correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 482.3 %².
Few assets follow FELE as closely as GRC, which ranks #1 of 25 tracked partners. Their recent paths diverged sharply: over the last 12 months GRC outperformed by 78.6 percentage points (+3.8% for FELE against +82.4% for GRC).
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 GRC: side by side
| FELE (Franklin Electric Co., Inc.) | GRC (Gorman-Rupp Company (The)) | |
|---|---|---|
| 1-year return | +3.8% | +82.4% |
| 5-year return | +25.2% | +143.0% |
| Volatility (ann.) | 22.7% | 30.6% |
| Beta vs S&P 500 | 0.79 | 0.85 |
| Max drawdown (3Y) | -23.5% | -26.9% |
| Market cap | $4.5B | $2.0B |
| P/E (trailing) | 29.4 | 32.7 |
| Dividend yield | 1.06% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FELE | GRC |
|---|---|---|
| 2022 | -14.9% | -41.2% |
| 2023 | +22.4% | +42.2% |
| 2024 | +1.8% | +8.9% |
| 2025 | -0.9% | +28.2% |
| 2026 | +7.8% | +63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FELE and GRC good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FELE and GRC?
As of 2026-08-27, the correlation of weekly returns between FELE and GRC is 0.70 over 3 years, 0.68 over 1 year and 0.61 over 5 years.
Is GRC a good diversifier for FELE?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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: FELE correlations · GRC correlations
