GGG vs IR: Correlation
How closely do Graco Inc. (GGG) and Ingersoll Rand (IR) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and IR?
Over the past 3 years, GGG and IR moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 392.6 %².
Within GGG's tracked universe of 26 assets, IR comes in at #5 by 3-year correlation. On 12-month performance IR holds a 5.2-point edge, -7.2% against -2.0%. Note the risk asymmetry: IR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 IR: side by side
| GGG (Graco Inc.) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | -7.2% | -2.0% |
| 5-year return | +7.7% | +49.2% |
| Volatility (ann.) | 19.0% | 29.8% |
| Beta vs S&P 500 | 0.70 | 1.17 |
| Max drawdown (3Y) | -22.6% | -36.6% |
| Market cap | $12.9B | $30.6B |
| P/E (trailing) | 25.0 | 32.6 |
| Dividend yield | 1.46% | 0.15% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GGG | IR |
|---|---|---|
| 2022 | -15.5% | -15.4% |
| 2023 | +30.6% | +48.2% |
| 2024 | -1.7% | +17.1% |
| 2025 | -1.5% | -12.3% |
| 2026 | -1.8% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and IR good diversifiers for each other?
Only partially. A correlation of 0.69 means GGG and IR 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 IR?
As of 2026-08-27, the correlation of weekly returns between GGG and IR is 0.69 over 3 years, 0.78 over 1 year and 0.70 over 5 years.
Is IR a good diversifier for GGG?
Only partially. A correlation of 0.69 means GGG and IR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/ggg-vs-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggg-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GGG correlations · IR correlations
