GPC vs HD: Correlation
Genuine Parts Company (GPC) and Home Depot (The) (HD) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and HD?
Over the past 3 years, GPC and HD moved with a correlation of 0.55, which is moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.55). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 414.6 %².
Among the 36 assets we track against GPC, HD ranks #8 by 3-year correlation. The last year tells two different stories: GPC led by 18.7 percentage points, +1.3% for GPC against -17.4% for HD. The rolling one-year correlation moved between 0.31 and 0.68 over the past three years, a moderate range.
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.
GPC vs HD: side by side
| GPC (Genuine Parts Company) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | +1.3% | -17.4% |
| 5-year return | +27.6% | +13.8% |
| Volatility (ann.) | 31.9% | 23.6% |
| Beta vs S&P 500 | 0.66 | 0.87 |
| Max drawdown (3Y) | -39.7% | -28.8% |
| Market cap | $18.8B | $327.9B |
| P/E (trailing) | 546.8 | 23.4 |
| Dividend yield | 3.00% | 1.38% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | GPC | HD |
|---|---|---|
| 2022 | +26.8% | -22.0% |
| 2023 | -18.1% | +12.8% |
| 2024 | -13.2% | +15.0% |
| 2025 | +8.7% | -9.3% |
| 2026 | +13.4% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and HD good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GPC and HD?
As of 2026-08-27, the correlation of weekly returns between GPC and HD is 0.55 over 3 years, 0.66 over 1 year and 0.53 over 5 years.
Is HD a good diversifier for GPC?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/gpc-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpc-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPC correlations · HD correlations
