OC vs PRGO: Correlation
Owens Corning Inc (OC) and Perrigo Company plc (PRGO) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OC and PRGO?
Over the past 3 years, OC and PRGO moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.46 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 701.9 %².
Within OC's tracked universe of 24 assets, PRGO comes in at #18 by 3-year correlation. The last year tells two different stories: OC led by 32.5 percentage points, -3.6% for OC against -36.1% for PRGO.
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.
OC vs PRGO: side by side
| OC (Owens Corning Inc) | PRGO (Perrigo Company plc) | |
|---|---|---|
| 1-year return | -3.6% | -36.1% |
| 5-year return | +60.3% | -56.9% |
| Volatility (ann.) | 35.1% | 43.6% |
| Beta vs S&P 500 | 1.41 | 0.82 |
| Max drawdown (3Y) | -52.5% | -71.6% |
| Market cap | $11.4B | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 2.10% | 7.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OC | PRGO |
|---|---|---|
| 2022 | -4.2% | -9.8% |
| 2023 | +77.2% | -2.5% |
| 2024 | +16.6% | -16.9% |
| 2025 | -33.0% | -44.0% |
| 2026 | +30.9% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OC and PRGO good diversifiers for each other?
Reasonably. At 0.46, OC and PRGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OC and PRGO?
The OC/PRGO correlation stands at 0.46 on a 3-year window (1 year: 0.69, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is PRGO a good diversifier for OC?
Reasonably. At 0.46, OC and PRGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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: OC correlations · PRGO correlations
