GPC vs RPM: Correlation
Measured on weekly returns over the past three years, Genuine Parts Company (GPC) and RPM International Inc. (RPM) 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 RPM?
Over the past 3 years, GPC and RPM moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 444.8 %².
By 3-year correlation, RPM places #7 of the 36 assets tracked against GPC. Correlation aside, the last 12 months split them widely, with GPC ahead by 15.6 points (+1.3% versus -14.3%).
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 RPM: side by side
| GPC (Genuine Parts Company) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | +1.3% | -14.3% |
| 5-year return | +27.6% | +38.7% |
| Volatility (ann.) | 31.9% | 25.0% |
| Beta vs S&P 500 | 0.66 | 0.85 |
| Max drawdown (3Y) | -39.7% | -32.0% |
| Market cap | $18.8B | $13.5B |
| P/E (trailing) | 546.8 | 20.7 |
| Dividend yield | 3.00% | 1.99% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GPC | RPM |
|---|---|---|
| 2022 | +26.8% | -1.7% |
| 2023 | -18.1% | +16.8% |
| 2024 | -13.2% | +12.1% |
| 2025 | +8.7% | -13.9% |
| 2026 | +13.4% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and RPM good diversifiers for each other?
Only partially. A correlation of 0.56 means GPC and RPM 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 GPC and RPM?
As of 2026-08-27, the correlation of weekly returns between GPC and RPM is 0.56 over 3 years, 0.59 over 1 year and 0.55 over 5 years.
Is RPM a good diversifier for GPC?
Only partially. A correlation of 0.56 means GPC and RPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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 · RPM correlations