GWW vs YJ: Correlation
How closely do W. W. Grainger (GWW) and Yunji Inc. - American Depository Shares (YJ) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWW and YJ?
Across a 3-year window, the weekly returns of GWW and YJ correlate at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -906.5 %².
YJ is close to the least connected end of GWW's tracked universe, ranking #27 of 29. Correlation aside, the last 12 months split them widely, with YJ ahead by 52.3 points (+31.0% versus +83.3%). Note the risk asymmetry: YJ runs 6.0 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.
GWW vs YJ: side by side
| GWW (W. W. Grainger) | YJ (Yunji Inc. - American Depository Shares) | |
|---|---|---|
| 1-year return | +31.0% | +83.3% |
| 5-year return | +219.4% | -89.8% |
| Volatility (ann.) | 23.3% | 139.4% |
| Beta vs S&P 500 | 0.74 | 0.56 |
| Max drawdown (3Y) | -24.5% | -73.6% |
| Market cap | $62.2B | – |
| P/E (trailing) | 34.0 | 1.5 |
| Dividend yield | 0.69% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GWW | YJ |
|---|---|---|
| 2022 | +8.7% | +30.7% |
| 2023 | +50.5% | -91.3% |
| 2024 | +28.2% | -43.4% |
| 2025 | -3.4% | -26.7% |
| 2026 | +31.7% | +170.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWW and YJ good diversifiers for each other?
Yes. With a correlation of -0.28, GWW and YJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GWW and YJ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.37 over the last year and -0.17 over 5 years.
Is YJ a good diversifier for GWW?
Yes. With a correlation of -0.28, GWW and YJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/gww-vs-yj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gww-vs-yj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GWW correlations · YJ correlations
