GGG vs MSA: Correlation
Measured on weekly returns over the past three years, Graco Inc. (GGG) and MSA Safety Incorporated (MSA) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and MSA?
Across a 3-year window, the weekly returns of GGG and MSA correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 289.5 %².
Among the 26 assets we track against GGG, MSA ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MSA outperformed by 18.6 percentage points (-7.2% for GGG against +11.4% for MSA).
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 MSA: side by side
| GGG (Graco Inc.) | MSA (MSA Safety Incorporated) | |
|---|---|---|
| 1-year return | -7.2% | +11.4% |
| 5-year return | +7.7% | +27.9% |
| Volatility (ann.) | 19.0% | 23.4% |
| Beta vs S&P 500 | 0.70 | 0.85 |
| Max drawdown (3Y) | -22.6% | -34.3% |
| Market cap | $12.9B | $7.4B |
| P/E (trailing) | 25.0 | 23.7 |
| Dividend yield | 1.46% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGG | MSA |
|---|---|---|
| 2022 | -15.5% | -3.1% |
| 2023 | +30.6% | +18.5% |
| 2024 | -1.7% | -0.7% |
| 2025 | -1.5% | -2.1% |
| 2026 | -1.8% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and MSA good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GGG and MSA?
The GGG/MSA correlation stands at 0.65 on a 3-year window (1 year: 0.59, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is MSA a good diversifier for GGG?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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 · MSA correlations
