GGG vs SHW: Correlation
Graco Inc. (GGG) and Sherwin-Williams (SHW) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and SHW?
Over the past 3 years, GGG and SHW moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 304.4 %².
By 3-year correlation, SHW places #10 of the 26 assets tracked against GGG. Twelve-month performance is nearly a tie, at -7.2% for GGG and -5.1% for SHW.
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 SHW: side by side
| GGG (Graco Inc.) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -7.2% | -5.1% |
| 5-year return | +7.7% | +18.3% |
| Volatility (ann.) | 19.0% | 24.6% |
| Beta vs S&P 500 | 0.70 | 0.79 |
| Max drawdown (3Y) | -22.6% | -25.7% |
| Market cap | $12.9B | $83.8B |
| P/E (trailing) | 25.0 | 31.8 |
| Dividend yield | 1.46% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GGG | SHW |
|---|---|---|
| 2022 | -15.5% | -32.0% |
| 2023 | +30.6% | +32.7% |
| 2024 | -1.7% | +9.9% |
| 2025 | -1.5% | -3.8% |
| 2026 | -1.8% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and SHW 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 SHW?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.55 over the last year and 0.57 over 5 years.
Is SHW 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?
On the −1 to +1 scale, 0.65 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-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ggg-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GGG correlations · SHW correlations
