CWH vs WGO: Correlation
Camping World Holdings, Inc. (CWH) and Winnebago Industries, Inc. (WGO) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWH and WGO?
Across a 3-year window, the weekly returns of CWH and WGO correlate at 0.66, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.66 over 3. Stretching to 5 years gives 0.69, with an annualized covariance of 1735.4 %².
By 3-year correlation, WGO places #6 of the 28 assets tracked against CWH. Their recent paths diverged sharply: over the last 12 months WGO outperformed by 49.7 percentage points (-63.0% for CWH against -13.3% for WGO).
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.
CWH vs WGO: side by side
| CWH (Camping World Holdings, Inc.) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | -63.0% | -13.3% |
| 5-year return | -79.9% | -52.5% |
| Volatility (ann.) | 60.7% | 43.3% |
| Beta vs S&P 500 | 2.02 | 1.09 |
| Max drawdown (3Y) | -79.1% | -60.5% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 3.84% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | WGO |
|---|---|---|
| 2022 | -39.6% | -28.7% |
| 2023 | +25.1% | +40.9% |
| 2024 | -17.9% | -33.1% |
| 2025 | -52.2% | -11.9% |
| 2026 | -33.9% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and WGO good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CWH and WGO?
The CWH/WGO correlation stands at 0.66 on a 3-year window (1 year: 0.63, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is WGO a good diversifier for CWH?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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
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Related comparisons
Hubs: CWH correlations · WGO correlations
