GNRC vs URI: Correlation
How closely do Generac (GNRC) and United Rentals (URI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and URI?
Over the past 3 years, GNRC and URI moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 791.6 %².
Within GNRC's tracked universe of 35 assets, URI comes in at #21 by 3-year correlation. Neither side won the trailing year by much: +5.5% against +10.2%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.15 to 0.73.
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 URI: side by side
| GNRC (Generac) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +5.5% | +10.2% |
| 5-year return | -55.4% | +204.1% |
| Volatility (ann.) | 46.1% | 39.5% |
| Beta vs S&P 500 | 1.35 | 1.42 |
| Max drawdown (3Y) | -47.8% | -37.0% |
| Market cap | $11.6B | $64.6B |
| P/E (trailing) | 47.4 | 25.4 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GNRC | URI |
|---|---|---|
| 2022 | -71.4% | +7.0% |
| 2023 | +28.4% | +63.6% |
| 2024 | +20.0% | +24.0% |
| 2025 | -12.0% | +15.9% |
| 2026 | +44.7% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and URI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNRC and URI?
As of 2026-08-27, the correlation of weekly returns between GNRC and URI is 0.43 over 3 years, 0.25 over 1 year and 0.43 over 5 years.
Is URI a good diversifier for GNRC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnrc-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNRC correlations · URI correlations
