RPM vs SHW: Correlation
RPM International Inc. (RPM) and Sherwin-Williams (SHW) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPM and SHW?
Across a 3-year window, the weekly returns of RPM and SHW correlate at 0.76, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 464.2 %².
In RPM's tracked universe of 33 assets, SHW sits right near the top at #2. On 12-month performance SHW holds a 9.2-point edge, -14.3% against -5.1%.
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.
RPM vs SHW: side by side
| RPM (RPM International Inc.) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -14.3% | -5.1% |
| 5-year return | +38.7% | +18.3% |
| Volatility (ann.) | 25.0% | 24.6% |
| Beta vs S&P 500 | 0.85 | 0.79 |
| Max drawdown (3Y) | -32.0% | -25.7% |
| Market cap | $13.5B | $83.8B |
| P/E (trailing) | 20.7 | 31.8 |
| Dividend yield | 1.99% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | RPM | SHW |
|---|---|---|
| 2022 | -1.7% | -32.0% |
| 2023 | +16.8% | +32.7% |
| 2024 | +12.1% | +9.9% |
| 2025 | -13.9% | -3.8% |
| 2026 | +3.2% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPM and SHW good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RPM and SHW?
The RPM/SHW correlation stands at 0.76 on a 3-year window (1 year: 0.75, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is SHW a good diversifier for RPM?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rpm-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rpm-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RPM correlations · SHW correlations
