HD vs RPM: Correlation
Measured on weekly returns over the past three years, Home Depot (The) (HD) and RPM International Inc. (RPM) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and RPM?
On 3 years of weekly data the HD/RPM correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.76 over 3. The 5-year figure is 0.68, and annualized covariance runs at 450.9 %².
In HD's tracked universe of 54 assets, RPM sits right near the top at #2. Twelve-month performance is nearly a tie, at -17.4% for HD and -14.3% for RPM.
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.
HD vs RPM: side by side
| HD (Home Depot (The)) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | -17.4% | -14.3% |
| 5-year return | +13.8% | +38.7% |
| Volatility (ann.) | 23.6% | 25.0% |
| Beta vs S&P 500 | 0.87 | 0.85 |
| Max drawdown (3Y) | -28.8% | -32.0% |
| Market cap | $327.9B | $13.5B |
| P/E (trailing) | 23.4 | 20.7 |
| Dividend yield | 1.38% | 1.99% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | RPM |
|---|---|---|
| 2022 | -22.0% | -1.7% |
| 2023 | +12.8% | +16.8% |
| 2024 | +15.0% | +12.1% |
| 2025 | -9.3% | -13.9% |
| 2026 | -3.1% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and RPM good diversifiers for each other?
Only partially. A correlation of 0.76 means HD and RPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HD and RPM?
As of 2026-08-27, the correlation of weekly returns between HD and RPM is 0.76 over 3 years, 0.80 over 1 year and 0.68 over 5 years.
Is RPM a good diversifier for HD?
Only partially. A correlation of 0.76 means HD and RPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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
$ curl https://www.pairbook.io/api/v1/pairs/hd-vs-rpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hd-vs-rpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HD correlations · RPM correlations
