GGG vs NDSN: Correlation
Graco Inc. (GGG) and Nordson Corporation (NDSN) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and NDSN?
On 3 years of weekly data the GGG/NDSN correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 330.0 %².
Few assets follow GGG as closely as NDSN, which ranks #3 of 26 tracked partners. The last year tells two different stories: NDSN led by 55.7 percentage points, -7.2% for GGG against +48.5% for NDSN.
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 NDSN: side by side
| GGG (Graco Inc.) | NDSN (Nordson Corporation) | |
|---|---|---|
| 1-year return | -7.2% | +48.5% |
| 5-year return | +7.7% | +46.5% |
| Volatility (ann.) | 19.0% | 24.7% |
| Beta vs S&P 500 | 0.70 | 0.97 |
| Max drawdown (3Y) | -22.6% | -39.1% |
| Market cap | $12.9B | $18.4B |
| P/E (trailing) | 25.0 | 33.5 |
| Dividend yield | 1.46% | 0.98% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GGG | NDSN |
|---|---|---|
| 2022 | -15.5% | -5.9% |
| 2023 | +30.6% | +12.4% |
| 2024 | -1.7% | -20.1% |
| 2025 | -1.5% | +17.0% |
| 2026 | -1.8% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and NDSN good diversifiers for each other?
Only partially. A correlation of 0.70 means GGG and NDSN 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 NDSN?
The GGG/NDSN correlation stands at 0.70 on a 3-year window (1 year: 0.65, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is NDSN a good diversifier for GGG?
Only partially. A correlation of 0.70 means GGG and NDSN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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
$ curl https://www.pairbook.io/api/v1/pairs/ggg-vs-ndsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ggg-vs-ndsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GGG correlations · NDSN correlations
