PG vs SLGN: Correlation
How closely do Procter & Gamble (PG) and Silgan Holdings Inc. (SLGN) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PG and SLGN?
On 3 years of weekly data the PG/SLGN correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 211.8 %².
Among the 30 assets we track against PG, SLGN ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at -6.1% for PG and -7.9% for SLGN. Risk is not evenly split, since SLGN carries 1.9 times the volatility of the other side.
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.
PG vs SLGN: side by side
| PG (Procter & Gamble) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -6.1% | -7.9% |
| 5-year return | +13.9% | +5.9% |
| Volatility (ann.) | 15.3% | 29.4% |
| Beta vs S&P 500 | 0.19 | 0.58 |
| Max drawdown (3Y) | -21.2% | -35.0% |
| Market cap | $332.7B | $4.4B |
| P/E (trailing) | 21.9 | 16.9 |
| Dividend yield | 2.94% | 1.91% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | PG | SLGN |
|---|---|---|
| 2022 | -5.0% | +22.7% |
| 2023 | -0.9% | -11.3% |
| 2024 | +17.3% | +16.8% |
| 2025 | -12.3% | -21.1% |
| 2026 | +2.1% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PG and SLGN good diversifiers for each other?
Reasonably. At 0.47, PG and SLGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PG and SLGN?
As of 2026-08-27, the correlation of weekly returns between PG and SLGN is 0.47 over 3 years, 0.55 over 1 year and 0.43 over 5 years.
Is SLGN a good diversifier for PG?
Reasonably. At 0.47, PG and SLGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/pg-vs-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pg-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PG correlations · SLGN correlations
