GRMN vs RL: Correlation
Garmin (GRMN) and Ralph Lauren Corporation (RL) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRMN and RL?
Over the past 3 years, GRMN and RL moved with a correlation of 0.37, which is moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.37). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 426.0 %².
Within GRMN's tracked universe of 36 assets, RL comes in at #24 by 3-year correlation. Their 12-month results are close: +25.1% for GRMN against +20.7% for RL. On a rolling one-year basis the correlation drifted between 0.15 and 0.59, a moderate band.
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 RL: side by side
| GRMN (Garmin) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | +25.1% | +20.7% |
| 5-year return | +80.9% | +232.5% |
| Volatility (ann.) | 34.7% | 33.6% |
| Beta vs S&P 500 | 1.06 | 1.07 |
| Max drawdown (3Y) | -28.0% | -36.2% |
| Market cap | $55.9B | $21.0B |
| P/E (trailing) | 29.9 | 22.8 |
| Dividend yield | 1.45% | 1.03% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | GRMN | RL |
|---|---|---|
| 2022 | -30.2% | -8.4% |
| 2023 | +43.1% | +39.8% |
| 2024 | +63.3% | +62.9% |
| 2025 | -0.1% | +55.0% |
| 2026 | +44.1% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRMN and RL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRMN and RL?
As of 2026-08-27, the correlation of weekly returns between GRMN and RL is 0.37 over 3 years, 0.49 over 1 year and 0.41 over 5 years.
Is RL a good diversifier for GRMN?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GRMN correlations · RL correlations
