GPC vs LOW: Correlation
Measured on weekly returns over the past three years, Genuine Parts Company (GPC) and Lowe's (LOW) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and LOW?
Across a 3-year window, the weekly returns of GPC and LOW correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 444.7 %².
By 3-year correlation, LOW places #5 of the 36 assets tracked against GPC. Their recent paths diverged sharply: over the last 12 months GPC outperformed by 19.7 percentage points (+1.3% for GPC against -18.4% for LOW). Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.67.
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 LOW: side by side
| GPC (Genuine Parts Company) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | +1.3% | -18.4% |
| 5-year return | +27.6% | +11.1% |
| Volatility (ann.) | 31.9% | 24.8% |
| Beta vs S&P 500 | 0.66 | 0.83 |
| Max drawdown (3Y) | -39.7% | -29.0% |
| Market cap | $18.8B | – |
| P/E (trailing) | 546.8 | 17.8 |
| Dividend yield | 3.00% | 2.31% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | GPC | LOW |
|---|---|---|
| 2022 | +26.8% | -21.5% |
| 2023 | -18.1% | +14.0% |
| 2024 | -13.2% | +13.0% |
| 2025 | +8.7% | -0.3% |
| 2026 | +13.4% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and LOW good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GPC and LOW?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.60 over the last year and 0.54 over 5 years.
Is LOW a good diversifier for GPC?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: GPC correlations · LOW correlations
