CSL vs UFPI: Correlation
How closely do Carlisle Companies Incorporated (CSL) and UFP Industries, Inc. (UFPI) 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 CSL and UFPI?
Across a 3-year window, the weekly returns of CSL and UFPI correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 692.4 %².
Among the 19 assets we track against CSL, UFPI ranks #4 by 3-year correlation. The trailing year gives CSL 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.
CSL vs UFPI: side by side
| CSL (Carlisle Companies Incorporated) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -6.4% | -16.1% |
| 5-year return | +78.0% | +16.0% |
| Volatility (ann.) | 33.9% | 29.4% |
| Beta vs S&P 500 | 1.10 | 0.82 |
| Max drawdown (3Y) | -37.7% | -41.9% |
| Market cap | $14.3B | $4.7B |
| P/E (trailing) | 20.5 | 19.7 |
| Dividend yield | 1.20% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSL | UFPI |
|---|---|---|
| 2022 | -4.1% | -12.9% |
| 2023 | +34.3% | +60.3% |
| 2024 | +19.1% | -9.3% |
| 2025 | -12.3% | -18.0% |
| 2026 | +13.9% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSL and UFPI good diversifiers for each other?
Only partially. A correlation of 0.69 means CSL 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 CSL and UFPI?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.77 over the last year and 0.63 over 5 years.
Is UFPI a good diversifier for CSL?
Only partially. A correlation of 0.69 means CSL 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csl-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csl-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSL correlations · UFPI correlations
