GGG vs HON: Correlation
Measured on weekly returns over the past three years, Graco Inc. (GGG) and Honeywell Technologies (HON) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and HON?
On 3 years of weekly data the GGG/HON correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.56 over 3. The 5-year figure is 0.60, and annualized covariance runs at 247.1 %².
Among the 26 assets we track against GGG, HON ranks #16 by 3-year correlation. The trailing year gives HON the advantage: -7.2% versus +2.7%, a 9.9-point spread.
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.
GGG vs HON: side by side
| GGG (Graco Inc.) | HON (Honeywell Technologies) | |
|---|---|---|
| 1-year return | -7.2% | +2.7% |
| 5-year return | +7.7% | +6.6% |
| Volatility (ann.) | 19.0% | 23.2% |
| Beta vs S&P 500 | 0.70 | 0.74 |
| Max drawdown (3Y) | -22.6% | -22.1% |
| Market cap | $12.9B | $69.9B |
| P/E (trailing) | 25.0 | 8.5 |
| Dividend yield | 1.46% | 4.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GGG | HON |
|---|---|---|
| 2022 | -15.5% | +4.9% |
| 2023 | +30.6% | +0.0% |
| 2024 | -1.7% | +10.0% |
| 2025 | -1.5% | -6.4% |
| 2026 | -1.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and HON good diversifiers for each other?
Only partially. A correlation of 0.56 means GGG and HON 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 GGG and HON?
As of 2026-08-27, the correlation of weekly returns between GGG and HON is 0.56 over 3 years, 0.59 over 1 year and 0.60 over 5 years.
Is HON a good diversifier for GGG?
Only partially. A correlation of 0.56 means GGG and HON share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: GGG correlations · HON correlations
