BCC vs LPX: Correlation
How closely do Boise Cascade, L.L.C. (BCC) and Louisiana-Pacific Corporation (LPX) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and LPX?
Over the past 3 years, BCC and LPX moved with a correlation of 0.69, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 934.2 %².
By 3-year correlation, LPX places #6 of the 24 assets tracked against BCC. The last year tells two different stories: BCC led by 15.8 percentage points, -9.5% for BCC against -25.3% for LPX.
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.
BCC vs LPX: side by side
| BCC (Boise Cascade, L.L.C.) | LPX (Louisiana-Pacific Corporation) | |
|---|---|---|
| 1-year return | -9.5% | -25.3% |
| 5-year return | +71.4% | +15.9% |
| Volatility (ann.) | 36.4% | 37.4% |
| Beta vs S&P 500 | 0.99 | 1.15 |
| Max drawdown (3Y) | -56.5% | -43.1% |
| Market cap | $2.7B | $4.9B |
| P/E (trailing) | 27.1 | 93.1 |
| Dividend yield | 1.10% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCC | LPX |
|---|---|---|
| 2022 | +1.5% | -23.4% |
| 2023 | +106.6% | +21.5% |
| 2024 | -4.0% | +47.9% |
| 2025 | -37.5% | -21.0% |
| 2026 | +7.7% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and LPX good diversifiers for each other?
Only partially. A correlation of 0.69 means BCC and LPX 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 BCC and LPX?
The BCC/LPX correlation stands at 0.69 on a 3-year window (1 year: 0.74, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is LPX a good diversifier for BCC?
Only partially. A correlation of 0.69 means BCC and LPX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcc-vs-lpx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcc-vs-lpx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCC correlations · LPX correlations
