GNRC vs TEX: Correlation
Measured on weekly returns over the past three years, Generac (GNRC) and Terex Corporation (TEX) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and TEX?
Across a 3-year window, the weekly returns of GNRC and TEX correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 1017.9 %².
Among the 35 assets we track against GNRC, TEX ranks #8 by 3-year correlation. The last year tells two different stories: TEX led by 18.7 percentage points, +5.5% for GNRC against +24.2% for TEX.
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.
GNRC vs TEX: side by side
| GNRC (Generac) | TEX (Terex Corporation) | |
|---|---|---|
| 1-year return | +5.5% | +24.2% |
| 5-year return | -55.4% | +31.7% |
| Volatility (ann.) | 46.1% | 41.0% |
| Beta vs S&P 500 | 1.35 | 1.38 |
| Max drawdown (3Y) | -47.8% | -51.3% |
| Market cap | $11.6B | $7.4B |
| P/E (trailing) | 47.4 | 31.2 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | TEX |
|---|---|---|
| 2022 | -71.4% | -1.4% |
| 2023 | +28.4% | +36.1% |
| 2024 | +20.0% | -18.6% |
| 2025 | -12.0% | +17.3% |
| 2026 | +44.7% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and TEX good diversifiers for each other?
Only partially. A correlation of 0.54 means GNRC and TEX 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 GNRC and TEX?
As of 2026-08-27, the correlation of weekly returns between GNRC and TEX is 0.54 over 3 years, 0.51 over 1 year and 0.43 over 5 years.
Is TEX a good diversifier for GNRC?
Only partially. A correlation of 0.54 means GNRC and TEX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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/gnrc-vs-tex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnrc-vs-tex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNRC correlations · TEX correlations
