GPC vs SHW: Correlation
Genuine Parts Company (GPC) and Sherwin-Williams (SHW) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and SHW?
Across a 3-year window, the weekly returns of GPC and SHW correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 448.6 %².
By 3-year correlation, SHW places #4 of the 36 assets tracked against GPC. Over the last 12 months GPC came out ahead by 6.4 percentage points (+1.3% against -5.1%). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.70.
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 SHW: side by side
| GPC (Genuine Parts Company) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | +1.3% | -5.1% |
| 5-year return | +27.6% | +18.3% |
| Volatility (ann.) | 31.9% | 24.6% |
| Beta vs S&P 500 | 0.66 | 0.79 |
| Max drawdown (3Y) | -39.7% | -25.7% |
| Market cap | $18.8B | $83.8B |
| P/E (trailing) | 546.8 | 31.8 |
| Dividend yield | 3.00% | 0.91% |
| Sector / category | Consumer Discretionary | Materials |
Year-by-year returns
| Year | GPC | SHW |
|---|---|---|
| 2022 | +26.8% | -32.0% |
| 2023 | -18.1% | +32.7% |
| 2024 | -13.2% | +9.9% |
| 2025 | +8.7% | -3.8% |
| 2026 | +13.4% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and SHW good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GPC and SHW?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.61 over the last year and 0.51 over 5 years.
Is SHW a good diversifier for GPC?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpc-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPC correlations · SHW correlations
