GGG vs PKG: Correlation
Graco Inc. (GGG) and Packaging Corporation of America (PKG) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and PKG?
Over the past 3 years, GGG and PKG moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 246.0 %².
Among the 26 assets we track against GGG, PKG ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PKG ahead by 25.7 points (-7.2% versus +18.5%).
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 PKG: side by side
| GGG (Graco Inc.) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | -7.2% | +18.5% |
| 5-year return | +7.7% | +86.8% |
| Volatility (ann.) | 19.0% | 23.5% |
| Beta vs S&P 500 | 0.70 | 0.52 |
| Max drawdown (3Y) | -22.6% | -28.4% |
| Market cap | $12.9B | $21.7B |
| P/E (trailing) | 25.0 | 31.6 |
| Dividend yield | 1.46% | 2.13% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GGG | PKG |
|---|---|---|
| 2022 | -15.5% | -2.6% |
| 2023 | +30.6% | +31.9% |
| 2024 | -1.7% | +41.7% |
| 2025 | -1.5% | -6.1% |
| 2026 | -1.8% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and PKG good diversifiers for each other?
Only partially. A correlation of 0.55 means GGG and PKG 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 PKG?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.58 over the last year and 0.41 over 5 years.
Is PKG a good diversifier for GGG?
Only partially. A correlation of 0.55 means GGG and PKG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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: GGG correlations · PKG correlations
