LOW vs SHW: Correlation
Measured on weekly returns over the past three years, Lowe's (LOW) and Sherwin-Williams (SHW) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and SHW?
Across a 3-year window, the weekly returns of LOW and SHW correlate at 0.74, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 450.2 %².
Among the 46 assets we track against LOW, SHW ranks #4 by 3-year correlation. Over the last 12 months SHW came out ahead by 13.3 percentage points (-18.4% against -5.1%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.68 and 0.82.
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.
LOW vs SHW: side by side
| LOW (Lowe's) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -18.4% | -5.1% |
| 5-year return | +11.1% | +18.3% |
| Volatility (ann.) | 24.8% | 24.6% |
| Beta vs S&P 500 | 0.83 | 0.79 |
| Max drawdown (3Y) | -29.0% | -25.7% |
| Market cap | – | $83.8B |
| P/E (trailing) | 17.8 | 31.8 |
| Dividend yield | 2.31% | 0.91% |
| Sector / category | Consumer Discretionary | Materials |
Year-by-year returns
| Year | LOW | SHW |
|---|---|---|
| 2022 | -21.5% | -32.0% |
| 2023 | +14.0% | +32.7% |
| 2024 | +13.0% | +9.9% |
| 2025 | -0.3% | -3.8% |
| 2026 | -12.9% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and SHW good diversifiers for each other?
Only partially. A correlation of 0.74 means LOW and SHW 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 LOW and SHW?
As of 2026-08-27, the correlation of weekly returns between LOW and SHW is 0.74 over 3 years, 0.67 over 1 year and 0.70 over 5 years.
Is SHW a good diversifier for LOW?
Only partially. A correlation of 0.74 means LOW and SHW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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/low-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/low-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOW correlations · SHW correlations
