PH vs XPEL: Correlation
Parker Hannifin (PH) and XPEL, Inc. (XPEL) 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 PH and XPEL?
Across a 3-year window, the weekly returns of PH and XPEL correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 650.2 %².
By 3-year correlation, XPEL places #41 of the 57 assets tracked against PH. Twelve-month performance is nearly a tie, at +32.8% for PH and +35.2% for XPEL. Risk is not evenly split, since XPEL carries 2.0 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.
PH vs XPEL: side by side
| PH (Parker Hannifin) | XPEL (XPEL, Inc.) | |
|---|---|---|
| 1-year return | +32.8% | +35.2% |
| 5-year return | +256.4% | -32.6% |
| Volatility (ann.) | 26.6% | 52.7% |
| Beta vs S&P 500 | 1.16 | 1.03 |
| Max drawdown (3Y) | -26.8% | -70.7% |
| Market cap | $127.5B | $1.4B |
| P/E (trailing) | 36.5 | 25.6 |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PH | XPEL |
|---|---|---|
| 2022 | -6.9% | -12.0% |
| 2023 | +60.8% | -10.3% |
| 2024 | +39.6% | -25.8% |
| 2025 | +39.5% | +25.0% |
| 2026 | +15.5% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PH and XPEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PH and XPEL?
As of 2026-08-27, the correlation of weekly returns between PH and XPEL is 0.46 over 3 years, 0.40 over 1 year and 0.44 over 5 years.
Is XPEL a good diversifier for PH?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ph-vs-xpel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ph-vs-xpel/)
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Related comparisons
Hubs: PH correlations · XPEL correlations
