PPG vs TPR: Correlation
How closely do PPG Industries (PPG) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPG and TPR?
Over the past 3 years, PPG and TPR moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 479.3 %².
Within PPG's tracked universe of 67 assets, TPR comes in at #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TPR ahead by 19.8 points (+3.8% versus +23.6%). On a rolling one-year basis the correlation drifted between 0.30 and 0.65, a moderate band.
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.
PPG vs TPR: side by side
| PPG (PPG Industries) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | +23.6% |
| 5-year return | -22.0% | +240.1% |
| Volatility (ann.) | 25.5% | 37.8% |
| Beta vs S&P 500 | 0.90 | 1.05 |
| Max drawdown (3Y) | -37.4% | -31.8% |
| Market cap | $25.2B | $24.6B |
| P/E (trailing) | 16.4 | 17.9 |
| Dividend yield | 2.48% | 1.23% |
| Sector / category | Materials | Consumer Discretionary |
Year-by-year returns
| Year | PPG | TPR |
|---|---|---|
| 2022 | -25.7% | -3.3% |
| 2023 | +21.2% | +0.2% |
| 2024 | -18.5% | +82.8% |
| 2025 | -12.0% | +98.7% |
| 2026 | +12.8% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPG and TPR good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PPG and TPR?
As of 2026-08-27, the correlation of weekly returns between PPG and TPR is 0.50 over 3 years, 0.58 over 1 year and 0.53 over 5 years.
Is TPR a good diversifier for PPG?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ppg-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppg-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPG correlations · TPR correlations
