GPC vs RXT: Correlation
Measured on weekly returns over the past three years, Genuine Parts Company (GPC) and Rackspace Technology, Inc. (RXT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and RXT?
On 3 years of weekly data the GPC/RXT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.26 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -1941.9 %².
Within GPC's tracked universe of 36 assets, RXT comes in at #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RXT ahead by 178.0 points (+1.3% versus +179.3%). Risk is not evenly split, since RXT carries 7.2 times the volatility of the other side.
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 RXT: side by side
| GPC (Genuine Parts Company) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +179.3% |
| 5-year return | +27.6% | -75.7% |
| Volatility (ann.) | 31.9% | 230.1% |
| Beta vs S&P 500 | 0.66 | 3.34 |
| Max drawdown (3Y) | -39.7% | -86.5% |
| Market cap | $18.8B | $0.9B |
| P/E (trailing) | 546.8 | – |
| Dividend yield | 3.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GPC | RXT |
|---|---|---|
| 2022 | +26.8% | -78.1% |
| 2023 | -18.1% | -32.2% |
| 2024 | -13.2% | +10.5% |
| 2025 | +8.7% | -56.1% |
| 2026 | +13.4% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and RXT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GPC and RXT?
As of 2026-08-27, the correlation of weekly returns between GPC and RXT is -0.26 over 3 years, -0.41 over 1 year and -0.18 over 5 years.
Is RXT a good diversifier for GPC?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gpc-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpc-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPC correlations · RXT correlations
