GPK vs UHAL: Correlation
How closely do Graphic Packaging Holding Company (GPK) and U-Haul Holding Company (UHAL) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPK and UHAL?
Across a 3-year window, the weekly returns of GPK and UHAL correlate at 0.52, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.52). Stretching to 5 years gives 0.46, with an annualized covariance of 455.1 %².
Few assets follow GPK as closely as UHAL, which ranks #3 of 13 tracked partners. The last year tells two different stories: UHAL led by 66.8 percentage points, -47.7% for GPK against +19.1% for UHAL.
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 UHAL: side by side
| GPK (Graphic Packaging Holding Company) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | -47.7% | +19.1% |
| 5-year return | -39.0% | +2.2% |
| Volatility (ann.) | 30.7% | 28.6% |
| Beta vs S&P 500 | 0.71 | 0.81 |
| Max drawdown (3Y) | -69.7% | -46.2% |
| Market cap | $3.4B | $13.4B |
| P/E (trailing) | 17.7 | 488.6 |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPK | UHAL |
|---|---|---|
| 2022 | +15.9% | -17.0% |
| 2023 | +12.7% | +19.3% |
| 2024 | +11.7% | -3.8% |
| 2025 | -43.3% | -27.0% |
| 2026 | -23.1% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPK and UHAL good diversifiers for each other?
To a limited degree. At 0.52 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 UHAL?
The GPK/UHAL correlation stands at 0.52 on a 3-year window (1 year: 0.72, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is UHAL a good diversifier for GPK?
To a limited degree. At 0.52 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 0.52 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/gpk-vs-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpk-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPK correlations · UHAL correlations
