REYN vs SHW: Correlation
How closely do Reynolds Consumer Products Inc. (REYN) and Sherwin-Williams (SHW) 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 REYN and SHW?
Over the past 3 years, REYN and SHW moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.46 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 237.2 %².
In REYN's tracked universe of 16 assets, SHW sits right near the top at #2. The trailing year gives REYN the advantage: +9.7% versus -5.1%, a 14.8-point spread.
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.
REYN vs SHW: side by side
| REYN (Reynolds Consumer Products Inc.) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | +9.7% | -5.1% |
| 5-year return | +1.4% | +18.3% |
| Volatility (ann.) | 21.1% | 24.6% |
| Beta vs S&P 500 | 0.24 | 0.79 |
| Max drawdown (3Y) | -33.4% | -25.7% |
| Market cap | $5.1B | $83.8B |
| P/E (trailing) | 14.8 | 31.8 |
| Dividend yield | 3.74% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | REYN | SHW |
|---|---|---|
| 2022 | -1.5% | -32.0% |
| 2023 | -7.5% | +32.7% |
| 2024 | +3.8% | +9.9% |
| 2025 | -11.7% | -3.8% |
| 2026 | +8.7% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REYN and SHW 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 REYN and SHW?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.66 over the last year and 0.43 over 5 years.
Is SHW a good diversifier for REYN?
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/reyn-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/reyn-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REYN correlations · SHW correlations
