BCC vs ULH: Correlation
Measured on weekly returns over the past three years, Boise Cascade, L.L.C. (BCC) and Universal Logistics Holdings, Inc. (ULH) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and ULH?
Over the past 3 years, BCC and ULH moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1282.6 %².
Within BCC's tracked universe of 24 assets, ULH comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BCC ahead by 16.5 points (-9.5% versus -26.0%). Note the risk asymmetry: ULH runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ULH: side by side
| BCC (Boise Cascade, L.L.C.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -26.0% |
| 5-year return | +71.4% | -5.6% |
| Volatility (ann.) | 36.4% | 68.3% |
| Beta vs S&P 500 | 0.99 | 1.46 |
| Max drawdown (3Y) | -56.5% | -76.1% |
| Market cap | $2.7B | $0.5B |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 1.10% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCC | ULH |
|---|---|---|
| 2022 | +1.5% | +79.9% |
| 2023 | +106.6% | -14.9% |
| 2024 | -4.0% | +65.6% |
| 2025 | -37.5% | -66.3% |
| 2026 | +7.7% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and ULH good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCC and ULH?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.57 over the last year and 0.47 over 5 years.
Is ULH a good diversifier for BCC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcc-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCC correlations · ULH correlations
