GPGI vs SWIM: Correlation
How closely do GPGI, Inc. (GPGI) and Latham Group, Inc. (SWIM) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPGI and SWIM?
Across a 3-year window, the weekly returns of GPGI and SWIM correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 1660.2 %².
Among the 13 assets we track against GPGI, SWIM ranks #4 by 3-year correlation. The last year tells two different stories: SWIM led by 18.1 percentage points, -33.2% for GPGI against -15.1% for SWIM.
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.
GPGI vs SWIM: side by side
| GPGI (GPGI, Inc.) | SWIM (Latham Group, Inc.) | |
|---|---|---|
| 1-year return | -33.2% | -15.1% |
| 5-year return | +66.0% | -68.5% |
| Volatility (ann.) | 53.8% | 72.5% |
| Beta vs S&P 500 | 1.14 | 1.70 |
| Max drawdown (3Y) | -55.7% | -44.5% |
| Market cap | $3.8B | $0.8B |
| P/E (trailing) | – | 139.6 |
| Dividend yield | 0.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPGI | SWIM |
|---|---|---|
| 2022 | -40.2% | -87.1% |
| 2023 | +10.0% | -18.3% |
| 2024 | +197.3% | +164.6% |
| 2025 | +51.4% | -8.8% |
| 2026 | -31.2% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPGI and SWIM good diversifiers for each other?
Reasonably. At 0.43, GPGI and SWIM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GPGI and SWIM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.45 over the last year and 0.31 over 5 years.
Is SWIM a good diversifier for GPGI?
Reasonably. At 0.43, GPGI and SWIM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gpgi-vs-swim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpgi-vs-swim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPGI correlations · SWIM correlations
