GPK vs SWK: Correlation
How closely do Graphic Packaging Holding Company (GPK) and Stanley Black & Decker (SWK) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPK and SWK?
Across a 3-year window, the weekly returns of GPK and SWK correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 553.8 %².
Among the 13 assets we track against GPK, SWK ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SWK outperformed by 84.7 percentage points (-47.7% for GPK against +37.0% for SWK).
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.
GPK vs SWK: side by side
| GPK (Graphic Packaging Holding Company) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | -47.7% | +37.0% |
| 5-year return | -39.0% | -39.1% |
| Volatility (ann.) | 30.7% | 35.4% |
| Beta vs S&P 500 | 0.71 | 1.19 |
| Max drawdown (3Y) | -69.7% | -48.3% |
| Market cap | $3.4B | $15.0B |
| P/E (trailing) | 17.7 | 24.4 |
| Dividend yield | 3.84% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GPK | SWK |
|---|---|---|
| 2022 | +15.9% | -58.9% |
| 2023 | +12.7% | +35.6% |
| 2024 | +11.7% | -15.2% |
| 2025 | -43.3% | -3.2% |
| 2026 | -23.1% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPK and SWK good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GPK and SWK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.47 over the last year and 0.42 over 5 years.
Is SWK a good diversifier for GPK?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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
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Related comparisons
Hubs: GPK correlations · SWK correlations
