SON vs. PPG

Last updated Jun 3, 2026

SON (Sonoco Products Company) and PPG (PPG Industries, Inc.) are both stocks. SON operates in Packaging & Containers (Consumer Cyclical), while PPG operates in Specialty Chemicals (Basic Materials). Over the past 10 years, SON returned 3.75%/yr vs 2.44%/yr for PPG. At a 0.42 correlation, their price movements are largely independent.

Performance

SON vs. PPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sonoco Products Company (SON) and PPG Industries, Inc. (PPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SON achieves a 14.93% return, which is significantly higher than PPG's 12.28% return. Over the past 10 years, SON has outperformed PPG with an annualized return of 3.75%, while PPG has yielded a comparatively lower 2.44% annualized return.

SON

• 1D: 2.46%
• 1M: -0.74%
• YTD: 14.93%
• 6M: 22.09%
• 1Y: 14.99%
• 3Y*: -3.35%
• 5Y*: -2.45%
• 10Y*: 3.75%

PPG

• 1D: 1.40%
• 1M: 6.39%
• YTD: 12.28%
• 6M: 14.75%
• 1Y: 5.73%
• 3Y*: -4.47%
• 5Y*: -6.98%
• 10Y*: 2.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SON vs. PPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SON Sonoco Products Company	14.93%	-6.30%	-9.12%	-4.69%	8.30%	0.53%	-0.73%	19.53%	3.06%	3.92%
PPG PPG Industries, Inc.	12.28%	-11.96%	-18.46%	21.19%	-25.71%	21.28%	10.08%	32.81%	-11.00%	25.24%

Correlation

The correlation between SON and PPG is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 12, 1985	0.42

The correlation between SON and PPG shifts across timeframes, from 0.42 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SON : $4.90B PPG : $25.50B
EPS SON : $10.39 PPG : $7.01
PE Ratio SON : 4.73 PPG : 16.20
PEG Ratio SON : 0.09 PPG : 2.16
PS Ratio SON : 0.65 PPG : 1.59
Total Revenue (TTM) SON : $7.49B PPG : $16.12B
Gross Profit (TTM) SON : $1.57B PPG : $4.88B
EBITDA (TTM) SON : $1.40B PPG : $2.52B

Return for Risk

SON vs. PPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SON

SON Risk / Return Rank: 54
SON Sharpe Ratio Rank: 57
SON Sortino Ratio Rank: 49
SON Omega Ratio Rank: 52
SON Calmar Ratio Rank: 56
SON Martin Ratio Rank: 55

PPG

PPG Risk / Return Rank: 44
PPG Sharpe Ratio Rank: 48
PPG Sortino Ratio Rank: 41
PPG Omega Ratio Rank: 40
PPG Calmar Ratio Rank: 45
PPG Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SON vs. PPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sonoco Products Company (SON) and PPG Industries, Inc. (PPG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SON	PPG	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.20	+0.29
Sortino ratio Return per unit of downside risk	0.83	0.49	+0.34
Omega ratio Gain probability vs. loss probability	1.12	1.06	+0.07
Calmar ratio Return relative to maximum drawdown	0.70	0.21	+0.49
Martin ratio Return relative to average drawdown	1.44	0.42	+1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SON vs. PPG - Sharpe Ratio Comparison

The current SON Sharpe Ratio is 0.49, which is higher than the PPG Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of SON and PPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SON	PPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.20	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	-0.25	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.09	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.39	-0.15

Drawdowns

SON vs. PPG - Drawdown Comparison

The maximum SON drawdown since its inception was -65.36%, roughly equal to the maximum PPG drawdown of -63.02%. Use the drawdown chart below to compare losses from any high point for SON and PPG.

Drawdown Indicators

	SON	PPG	Difference
Max Drawdown Largest peak-to-trough decline	-65.36%	-63.02%	-2.34%
Max Drawdown (1Y) Largest decline over 1 year	-18.40%	-25.68%	+7.28%
Max Drawdown (3Y) Largest decline over 3 years	-32.46%	-37.41%	+4.95%
Max Drawdown (5Y) Largest decline over 5 years	-32.94%	-46.02%	+13.08%
Max Drawdown (10Y) Largest decline over 10 years	-41.57%	-46.02%	+4.45%
Current Drawdown Current decline from peak	-14.15%	-30.86%	+16.71%
Average Drawdown Average peak-to-trough decline	-18.78%	-13.25%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.98%	12.60%	-3.62%

Volatility

SON vs. PPG - Volatility Comparison

Sonoco Products Company (SON) and PPG Industries, Inc. (PPG) have volatilities of 9.43% and 9.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SON	PPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	9.54%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	26.79%	22.73%	+4.06%
Volatility (1Y) Calculated over the trailing 1-year period	31.08%	28.79%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.58%	27.54%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.68%	27.45%	-1.77%

Dividends

SON vs. PPG - Dividend Comparison

SON's dividend yield for the trailing twelve months is around 4.33%, more than PPG's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPG PPG Industries, Inc.	2.50%	2.71%	2.23%	1.70%	1.92%	1.31%	1.46%	1.48%	1.82%	1.46%	1.65%	1.43%
SON Sonoco Products Company	4.33%	4.84%	4.24%	3.62%	3.16%	3.11%	2.90%	2.75%	3.05%	2.90%	2.77%	3.35%

Financials

SON vs. PPG - Profitability Comparison

The chart below illustrates the profitability comparison between Sonoco Products Company and PPG Industries, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sonoco Products Company reported a gross profit of 345.63M and revenue of 1.68B. Therefore, the gross margin over that period was 20.6%.

PPG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PPG Industries, Inc. reported a gross profit of 0.00 and revenue of 3.93B. Therefore, the gross margin over that period was 0.0%.

SON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sonoco Products Company reported an operating income of 127.09M and revenue of 1.68B, resulting in an operating margin of 7.6%.

PPG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PPG Industries, Inc. reported an operating income of 385.00M and revenue of 3.93B, resulting in an operating margin of 9.8%.

SON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sonoco Products Company reported a net income of 67.60M and revenue of 1.68B, resulting in a net margin of 4.0%.

PPG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PPG Industries, Inc. reported a net income of 382.00M and revenue of 3.93B, resulting in a net margin of 9.7%.

Frequently Asked Questions

Can I hold both SON and PPG in my portfolio?

SON and PPG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SON or PPG?

PPG has higher volatility (9.54%) compared to SON (9.43%). In terms of maximum drawdown, SON dropped -65.36% vs PPG's -63.02%.

Which has better risk-adjusted returns?

SON currently has the higher Sharpe Ratio (0.48 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.