GLW vs TPB: Correlation
Corning Inc. (GLW) and Turning Point Brands, Inc. (TPB) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and TPB?
Across a 3-year window, the weekly returns of GLW and TPB correlate at 0.46, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.46). Stretching to 5 years gives 0.40, with an annualized covariance of 868.7 %².
By 3-year correlation, TPB places #17 of the 37 assets tracked against GLW. Correlation aside, the last 12 months split them widely, with GLW ahead by 143.9 points (+129.7% versus -14.2%).
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.
GLW vs TPB: side by side
| GLW (Corning Inc.) | TPB (Turning Point Brands, Inc.) | |
|---|---|---|
| 1-year return | +129.7% | -14.2% |
| 5-year return | +331.4% | +74.4% |
| Volatility (ann.) | 42.1% | 44.7% |
| Beta vs S&P 500 | 1.15 | 0.76 |
| Max drawdown (3Y) | -51.5% | -50.6% |
| Market cap | $131.6B | $1.7B |
| P/E (trailing) | 70.4 | 38.3 |
| Dividend yield | 0.73% | 0.35% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | TPB |
|---|---|---|
| 2022 | -11.6% | -42.2% |
| 2023 | -1.2% | +23.1% |
| 2024 | +60.6% | +130.1% |
| 2025 | +87.8% | +81.0% |
| 2026 | +75.1% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and TPB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLW and TPB?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.56 over the last year and 0.40 over 5 years.
Is TPB a good diversifier for GLW?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/glw-vs-tpb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glw-vs-tpb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLW correlations · TPB correlations
