DOO vs PATK: Correlation
BRP Inc. - Common Subordinate Voting Shares (DOO) and Patrick Industries, Inc. (PATK) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOO and PATK?
On 3 years of weekly data the DOO/PATK correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 681.6 %².
In DOO's tracked universe of 11 assets, PATK sits right near the top at #1. Correlation aside, the last 12 months split them widely, with DOO ahead by 35.8 points (+10.0% versus -25.8%).
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 PATK: side by side
| DOO (BRP Inc. - Common Subordinate Voting Shares) | PATK (Patrick Industries, Inc.) | |
|---|---|---|
| 1-year return | +10.0% | -25.8% |
| 5-year return | -24.2% | +62.2% |
| Volatility (ann.) | 41.6% | 35.5% |
| Beta vs S&P 500 | 0.66 | 1.04 |
| Max drawdown (3Y) | -58.9% | -42.9% |
| Market cap | $4.6B | $2.7B |
| P/E (trailing) | 20.0 | 19.9 |
| Dividend yield | 1.49% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOO | PATK |
|---|---|---|
| 2022 | -12.3% | -23.1% |
| 2023 | -5.4% | +69.6% |
| 2024 | -28.3% | +26.5% |
| 2025 | +40.8% | +32.7% |
| 2026 | -11.8% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOO and PATK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOO and PATK?
The DOO/PATK correlation stands at 0.46 on a 3-year window (1 year: 0.54, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is PATK a good diversifier for DOO?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Hubs: DOO correlations · PATK correlations
