PPG vs TSCO: Correlation
How closely do PPG Industries (PPG) and Tractor Supply (TSCO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPG and TSCO?
Over the past 3 years, PPG and TSCO moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 332.8 %².
By 3-year correlation, TSCO places #49 of the 67 assets tracked against PPG. The last year tells two different stories: PPG led by 46.8 percentage points, +3.8% for PPG against -43.0% for TSCO. Across three years, the rolling one-year figure varied moderately, from 0.17 to 0.54.
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 TSCO: side by side
| PPG (PPG Industries) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | +3.8% | -43.0% |
| 5-year return | -22.0% | -1.7% |
| Volatility (ann.) | 25.5% | 28.5% |
| Beta vs S&P 500 | 0.90 | 0.67 |
| Max drawdown (3Y) | -37.4% | -52.7% |
| Market cap | $25.2B | $18.1B |
| P/E (trailing) | 16.4 | 18.3 |
| Dividend yield | 2.48% | 2.68% |
| Sector / category | Materials | Consumer Discretionary |
Year-by-year returns
| Year | PPG | TSCO |
|---|---|---|
| 2022 | -25.7% | -4.0% |
| 2023 | +21.2% | -2.6% |
| 2024 | -18.5% | +25.4% |
| 2025 | -12.0% | -4.2% |
| 2026 | +12.8% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPG and TSCO 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 PPG and TSCO?
The PPG/TSCO correlation stands at 0.46 on a 3-year window (1 year: 0.51, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TSCO a good diversifier for PPG?
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?
On the −1 to +1 scale, 0.46 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-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppg-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPG correlations · TSCO correlations
