GGG vs TXT: Correlation
How closely do Graco Inc. (GGG) and Textron (TXT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and TXT?
Across a 3-year window, the weekly returns of GGG and TXT correlate at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.51 versus 0.65 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 316.8 %².
By 3-year correlation, TXT places #11 of the 26 assets tracked against GGG. On 12-month performance TXT holds a 7.9-point edge, -7.2% against +0.7%.
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 TXT: side by side
| GGG (Graco Inc.) | TXT (Textron) | |
|---|---|---|
| 1-year return | -7.2% | +0.7% |
| 5-year return | +7.7% | +15.1% |
| Volatility (ann.) | 19.0% | 25.4% |
| Beta vs S&P 500 | 0.70 | 0.89 |
| Max drawdown (3Y) | -22.6% | -37.3% |
| Market cap | $12.9B | $14.2B |
| P/E (trailing) | 25.0 | 15.7 |
| Dividend yield | 1.46% | 0.10% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GGG | TXT |
|---|---|---|
| 2022 | -15.5% | -8.2% |
| 2023 | +30.6% | +13.7% |
| 2024 | -1.7% | -4.8% |
| 2025 | -1.5% | +14.1% |
| 2026 | -1.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and TXT 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 TXT?
As of 2026-08-27, the correlation of weekly returns between GGG and TXT is 0.65 over 3 years, 0.51 over 1 year and 0.57 over 5 years.
Is TXT 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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ggg-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggg-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GGG correlations · TXT correlations
