DOO vs THO: Correlation
How closely do BRP Inc. - Common Subordinate Voting Shares (DOO) and Thor Industries, Inc. (THO) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOO and THO?
On 3 years of weekly data the DOO/THO correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 653.4 %².
By 3-year correlation, THO places #5 of the 11 assets tracked against DOO. Their recent paths diverged sharply: over the last 12 months DOO outperformed by 39.2 percentage points (+10.0% for DOO against -29.2% for THO).
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 THO: side by side
| DOO (BRP Inc. - Common Subordinate Voting Shares) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | +10.0% | -29.2% |
| 5-year return | -24.2% | -26.9% |
| Volatility (ann.) | 41.6% | 37.1% |
| Beta vs S&P 500 | 0.66 | 1.19 |
| Max drawdown (3Y) | -58.9% | -48.4% |
| Market cap | $4.6B | $4.0B |
| P/E (trailing) | 20.0 | 15.4 |
| Dividend yield | 1.49% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOO | THO |
|---|---|---|
| 2022 | -12.3% | -25.6% |
| 2023 | -5.4% | +59.8% |
| 2024 | -28.3% | -17.9% |
| 2025 | +40.8% | +9.7% |
| 2026 | -11.8% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOO and THO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOO and THO?
As of 2026-08-27, the correlation of weekly returns between DOO and THO is 0.42 over 3 years, 0.42 over 1 year and 0.48 over 5 years.
Is THO a good diversifier for DOO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: DOO correlations · THO correlations
