BXC vs UFPI: Correlation
Bluelinx Holdings Inc. (BXC) and UFP Industries, Inc. (UFPI) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and UFPI?
Over the past 3 years, BXC and UFPI moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1351.2 %².
Few assets follow BXC as closely as UFPI, which ranks #3 of 33 tracked partners. On 12-month performance BXC holds a 13.5-point edge, -2.6% against -16.1%. Note the risk asymmetry: BXC runs 2.1 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.
BXC vs UFPI: side by side
| BXC (Bluelinx Holdings Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | -16.1% |
| 5-year return | +33.6% | +16.0% |
| Volatility (ann.) | 62.7% | 29.4% |
| Beta vs S&P 500 | 1.54 | 0.82 |
| Max drawdown (3Y) | -65.6% | -41.9% |
| Market cap | $0.6B | $4.7B |
| P/E (trailing) | – | 19.7 |
| Dividend yield | 0.00% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | UFPI |
|---|---|---|
| 2022 | -25.7% | -12.9% |
| 2023 | +59.3% | +60.3% |
| 2024 | -9.8% | -9.3% |
| 2025 | -39.9% | -18.0% |
| 2026 | +29.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and UFPI good diversifiers for each other?
Only partially. A correlation of 0.73 means BXC 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 BXC and UFPI?
The BXC/UFPI correlation stands at 0.73 on a 3-year window (1 year: 0.71, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is UFPI a good diversifier for BXC?
Only partially. A correlation of 0.73 means BXC 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 0.73 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/bxc-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxc-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXC correlations · UFPI correlations
