GIS vs GPC: Correlation
How closely do General Mills (GIS) and Genuine Parts Company (GPC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and GPC?
Across a 3-year window, the weekly returns of GIS and GPC correlate at 0.44, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.44). Stretching to 5 years gives 0.38, with an annualized covariance of 291.3 %².
Within GIS's tracked universe of 38 assets, GPC comes in at #12 by 3-year correlation. Over the last 12 months GPC came out ahead by 14.1 percentage points (-12.8% against +1.3%). This link changes with the market regime, having swung between -0.12 and 0.63 on a rolling one-year basis. One caveat on sizing: GPC is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIS vs GPC: side by side
| GIS (General Mills) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | -12.8% | +1.3% |
| 5-year return | -14.6% | +27.6% |
| Volatility (ann.) | 20.6% | 31.9% |
| Beta vs S&P 500 | -0.05 | 0.66 |
| Max drawdown (3Y) | -53.4% | -39.7% |
| Market cap | $21.6B | $18.8B |
| P/E (trailing) | – | 546.8 |
| Dividend yield | 6.09% | 3.00% |
| Sector / category | Consumer Staples | Consumer Discretionary |
Year-by-year returns
| Year | GIS | GPC |
|---|---|---|
| 2022 | +28.1% | +26.8% |
| 2023 | -20.0% | -18.1% |
| 2024 | +1.4% | -13.2% |
| 2025 | -23.7% | +8.7% |
| 2026 | -8.8% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and GPC good diversifiers for each other?
Reasonably. At 0.44, GIS and GPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GIS and GPC?
As of 2026-08-27, the correlation of weekly returns between GIS and GPC is 0.44 over 3 years, 0.57 over 1 year and 0.38 over 5 years.
Is GPC a good diversifier for GIS?
Reasonably. At 0.44, GIS and GPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/gis-vs-gpc.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIS correlations · GPC correlations
