CTAS vs UNF: Correlation
Cintas (CTAS) and Unifirst Corporation (UNF) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and UNF?
On 3 years of weekly data the CTAS/UNF correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 302.9 %².
By 3-year correlation, UNF places #26 of the 38 assets tracked against CTAS. The last year tells two different stories: UNF led by 65.6 percentage points, -3.3% for CTAS against +62.3% for UNF.
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.
CTAS vs UNF: side by side
| CTAS (Cintas) | UNF (Unifirst Corporation) | |
|---|---|---|
| 1-year return | -3.3% | +62.3% |
| 5-year return | +117.4% | +28.9% |
| Volatility (ann.) | 23.2% | 33.8% |
| Beta vs S&P 500 | 0.71 | 0.52 |
| Max drawdown (3Y) | -27.7% | -34.6% |
| Market cap | $81.7B | $5.2B |
| P/E (trailing) | 41.8 | 45.4 |
| Dividend yield | 0.87% | 0.50% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CTAS | UNF |
|---|---|---|
| 2022 | +3.0% | -7.6% |
| 2023 | +34.8% | -4.6% |
| 2024 | +22.2% | -5.7% |
| 2025 | +3.8% | +13.6% |
| 2026 | +9.4% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTAS and UNF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTAS and UNF?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.39 over the last year and 0.43 over 5 years.
Is UNF a good diversifier for CTAS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/ctas-vs-unf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctas-vs-unf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTAS correlations · UNF correlations
