Which stocks are most correlated with SHW?

Based on one year of daily returns, the stocks most correlated with The Sherwin-Williams Company (SHW) are RPM (0.79), ITB (0.77) and NAIL (0.77). 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 SHW?

Over the past year, the stocks most inversely correlated with The Sherwin-Williams Company (SHW) are SMN (-0.65), JETD (-0.60) and EMTY (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.

The Sherwin-Williams Company (SHW) — Stock Correlations & Overview

Over the past year, SHW has moved most closely with RPM, ITB, NAIL. Explore the stocks most correlated and inversely correlated with SHW below, along with its price, financials, and company profile.

Stocks correlated with SHW

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

Most correlated with SHW

Symbol	Company	Correlation
RPM	RPM International, Inc.PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODS	0.79
ITB	iShares U.S. Home Construction ETF	0.77
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.77
HOMZ	Hoya Capital Housing ETF	0.76
PPG	PPG Industries, Inc.PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODS	0.73

Most inversely correlated with SHW

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.65
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.60
EMTY	ProShares Decline of the Retail Store ETF	-0.59
DXD	ProShares UltraShort Dow 30	-0.58
SDOW	ProShares UltraPro Short Dow 30	-0.58

Frequently asked questions about SHW correlations

Which stocks are most correlated with SHW?: Based on one year of daily returns, the stocks most correlated with The Sherwin-Williams Company (SHW) are RPM (0.79), ITB (0.77) and NAIL (0.77). 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 SHW?: Over the past year, the stocks most inversely correlated with The Sherwin-Williams Company (SHW) are SMN (-0.65), JETD (-0.60) and EMTY (-0.59). 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 SHW correlations calculated?: We compute the correlation of daily returns between SHW 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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