Which stocks are most correlated with GWW?

Based on one year of daily returns, the stocks most correlated with W.W. Grainger, Inc. (GWW) are FAST (0.55), RSPN (0.55) and DRES (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with GWW?

Over the past year, the stocks most inversely correlated with W.W. Grainger, Inc. (GWW) are SIJ (-0.49), SMDD (-0.42) and MZZ (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

W.W. Grainger, Inc. (GWW) — Stock Correlations & Overview

Over the past year, GWW has moved most closely with FAST, RSPN, DRES. Explore the stocks most correlated and inversely correlated with GWW below, along with its price, financials, and company profile.

Stocks correlated with GWW

Correlation of daily returns. Higher positive values move with GWW; negative values move opposite it. Informational only, not investment advice.

Most correlated with GWW

Symbol	Company	Correlation
FAST	Fastenal CoRETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY	0.55
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	0.55
DRES	GMO Domestic Resilience ETF	0.52
AIT	Applied Industrial Technologies, Inc.WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES	0.51
MSM	MSC Industrial Direct Co., Inc. Class AWHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT	0.50

Most inversely correlated with GWW

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.49
SMDD	ProShares UltraPro Short MidCap400	-0.42
MZZ	ProShares UltraShort MidCap400	-0.41
MYY	ProShares Short MidCap400	-0.41
SBB	ProShares Short SmallCap600	-0.40

Frequently asked questions about GWW correlations

Which stocks are most correlated with GWW?: Based on one year of daily returns, the stocks most correlated with W.W. Grainger, Inc. (GWW) are FAST (0.55), RSPN (0.55) and DRES (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with GWW?: Over the past year, the stocks most inversely correlated with W.W. Grainger, Inc. (GWW) are SIJ (-0.49), SMDD (-0.42) and MZZ (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these GWW correlations calculated?: We compute the correlation of daily returns between GWW and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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