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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

Correlation (3Y)
0.56
moderate
Correlation (1Y)
0.59
last 12 months
Correlation (5Y)
0.55
long-run
Ann. covariance
444.8
%² · weekly, annualized

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 5000.660.85
Max drawdown (3Y)-39.7%-32.0%
Market cap$18.8B$13.5B
P/E (trailing)546.820.7
Dividend yield3.00%1.99%
Sector / categoryConsumer DiscretionaryUS Listed
Lower P/E: RPM 20.7 vs 546.8Higher yield: GPC 3.00% vs 1.99%Smaller drawdown: RPM -32.0% vs -39.7%Higher 5y return: RPM +38.7% vs +27.6%
-32%0%+7%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. GPC · RPM

Year-by-year returns

YearGPCRPM
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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GPC vs RPM: 3-year weekly correlation 0.56GPC vs RPM0.56

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Related comparisons

Hubs: GPC correlations · RPM correlations