DOO vs IIIN: Correlation
Measured on weekly returns over the past three years, BRP Inc. - Common Subordinate Voting Shares (DOO) and Insteel Industries, Inc. (IIIN) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOO and IIIN?
Over the past 3 years, DOO and IIIN moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.42 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 684.3 %².
IIIN is one of the assets that tracks DOO most closely: it ranks #3 out of the 11 assets we track against DOO. The last year tells two different stories: DOO led by 28.2 percentage points, +10.0% for DOO against -18.2% for IIIN.
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.
DOO vs IIIN: side by side
| DOO (BRP Inc. - Common Subordinate Voting Shares) | IIIN (Insteel Industries, Inc.) | |
|---|---|---|
| 1-year return | +10.0% | -18.2% |
| 5-year return | -24.2% | +6.5% |
| Volatility (ann.) | 41.6% | 39.5% |
| Beta vs S&P 500 | 0.66 | 0.99 |
| Max drawdown (3Y) | -58.9% | -37.0% |
| Market cap | $4.6B | $0.6B |
| P/E (trailing) | 20.0 | 16.3 |
| Dividend yield | 1.49% | 0.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOO | IIIN |
|---|---|---|
| 2022 | -12.3% | -25.6% |
| 2023 | -5.4% | +50.0% |
| 2024 | -28.3% | -26.8% |
| 2025 | +40.8% | +21.5% |
| 2026 | -11.8% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOO and IIIN good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOO and IIIN?
The DOO/IIIN correlation stands at 0.42 on a 3-year window (1 year: 0.58, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is IIIN a good diversifier for DOO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/doo-vs-iiin.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOO correlations · IIIN correlations
