GRMN vs PRCT: Correlation
Measured on weekly returns over the past three years, Garmin (GRMN) and PROCEPT BioRobotics Corporation (PRCT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRMN and PRCT?
On 3 years of weekly data the GRMN/PRCT correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.45). The 5-year figure is 0.40, and annualized covariance runs at 863.4 %².
Within GRMN's tracked universe of 36 assets, PRCT comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GRMN ahead by 74.6 points (+25.1% versus -49.5%). Note the risk asymmetry: PRCT runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GRMN vs PRCT: side by side
| GRMN (Garmin) | PRCT (PROCEPT BioRobotics Corporation) | |
|---|---|---|
| 1-year return | +25.1% | -49.5% |
| 5-year return | +80.9% | -50.9% |
| Volatility (ann.) | 34.7% | 55.9% |
| Beta vs S&P 500 | 1.06 | 1.08 |
| Max drawdown (3Y) | -28.0% | -83.2% |
| Market cap | $55.9B | $1.2B |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GRMN | PRCT |
|---|---|---|
| 2022 | -30.2% | +66.1% |
| 2023 | +43.1% | +0.9% |
| 2024 | +63.3% | +92.1% |
| 2025 | -0.1% | -60.9% |
| 2026 | +44.1% | -34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRMN and PRCT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRMN and PRCT?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.26 over the last year and 0.40 over 5 years.
Is PRCT a good diversifier for GRMN?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/grmn-vs-prct.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grmn-vs-prct/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRMN correlations · PRCT correlations
