ALLE vs UFPI: Correlation
Allegion (ALLE) and UFP Industries, Inc. (UFPI) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and UFPI?
Over the past 3 years, ALLE and UFPI moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 469.9 %².
Few assets follow ALLE as closely as UFPI, which ranks #3 of 33 tracked partners. The trailing year gives ALLE the advantage: -6.4% versus -16.1%, a 9.7-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.
ALLE vs UFPI: side by side
| ALLE (Allegion) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -6.4% | -16.1% |
| 5-year return | +19.4% | +16.0% |
| Volatility (ann.) | 24.3% | 29.4% |
| Beta vs S&P 500 | 0.60 | 0.82 |
| Max drawdown (3Y) | -29.8% | -41.9% |
| Market cap | $13.6B | $4.7B |
| P/E (trailing) | 21.0 | 19.7 |
| Dividend yield | 1.32% | 1.64% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | UFPI |
|---|---|---|
| 2022 | -19.3% | -12.9% |
| 2023 | +22.3% | +60.3% |
| 2024 | +4.7% | -9.3% |
| 2025 | +22.8% | -18.0% |
| 2026 | +1.1% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and UFPI good diversifiers for each other?
Only partially. A correlation of 0.66 means ALLE and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALLE and UFPI?
As of 2026-08-27, the correlation of weekly returns between ALLE and UFPI is 0.66 over 3 years, 0.66 over 1 year and 0.65 over 5 years.
Is UFPI a good diversifier for ALLE?
Only partially. A correlation of 0.66 means ALLE and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 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/alle-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · UFPI correlations
