BXC vs ULH: Correlation
Bluelinx Holdings Inc. (BXC) and Universal Logistics Holdings, Inc. (ULH) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and ULH?
Across a 3-year window, the weekly returns of BXC and ULH correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 2557.1 %².
Among the 33 assets we track against BXC, ULH ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BXC ahead by 23.4 points (-2.6% versus -26.0%).
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 ULH: side by side
| BXC (Bluelinx Holdings Inc.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | -26.0% |
| 5-year return | +33.6% | -5.6% |
| Volatility (ann.) | 62.7% | 68.3% |
| Beta vs S&P 500 | 1.54 | 1.46 |
| Max drawdown (3Y) | -65.6% | -76.1% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | ULH |
|---|---|---|
| 2022 | -25.7% | +79.9% |
| 2023 | +59.3% | -14.9% |
| 2024 | -9.8% | +65.6% |
| 2025 | -39.9% | -66.3% |
| 2026 | +29.8% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and ULH good diversifiers for each other?
Only partially. A correlation of 0.60 means BXC and ULH 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 ULH?
As of 2026-08-27, the correlation of weekly returns between BXC and ULH is 0.60 over 3 years, 0.63 over 1 year and 0.53 over 5 years.
Is ULH a good diversifier for BXC?
Only partially. A correlation of 0.60 means BXC and ULH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/bxc-vs-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxc-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BXC correlations · ULH correlations
