GPC vs OXY: Correlation
How closely do Genuine Parts Company (GPC) and Occidental Petroleum (OXY) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and OXY?
Across a 3-year window, the weekly returns of GPC and OXY correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.22). Stretching to 5 years gives -0.01, with an annualized covariance of -211.5 %².
Within GPC's tracked universe of 36 assets, OXY comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OXY ahead by 27.6 points (+1.3% versus +28.9%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.49 to 0.22.
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 OXY: side by side
| GPC (Genuine Parts Company) | OXY (Occidental Petroleum) | |
|---|---|---|
| 1-year return | +1.3% | +28.9% |
| 5-year return | +27.6% | +150.8% |
| Volatility (ann.) | 31.9% | 30.6% |
| Beta vs S&P 500 | 0.66 | 0.13 |
| Max drawdown (3Y) | -39.7% | -46.9% |
| Market cap | $18.8B | $59.1B |
| P/E (trailing) | 546.8 | 17.3 |
| Dividend yield | 3.00% | 1.71% |
| Sector / category | Consumer Discretionary | Energy |
Year-by-year returns
| Year | GPC | OXY |
|---|---|---|
| 2022 | +26.8% | +119.1% |
| 2023 | -18.1% | -4.1% |
| 2024 | -13.2% | -15.9% |
| 2025 | +8.7% | -14.9% |
| 2026 | +13.4% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and OXY good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GPC and OXY?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.50 over the last year and -0.01 over 5 years.
Is OXY a good diversifier for GPC?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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-oxy.json
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Related comparisons
Hubs: GPC correlations · OXY correlations
