DOW vs WFCF: Correlation
Dow Inc. (DOW) and Where Food Comes From, Inc. (WFCF) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOW and WFCF?
Across a 3-year window, the weekly returns of DOW and WFCF correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -437.6 %².
WFCF is close to the least connected end of DOW's tracked universe, ranking #30 of 32. Their recent paths diverged sharply: over the last 12 months DOW outperformed by 18.6 percentage points (+29.0% for DOW against +10.4% for WFCF). Risk is not evenly split, since WFCF carries 1.6 times the volatility of the other side.
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.
DOW vs WFCF: side by side
| DOW (Dow Inc.) | WFCF (Where Food Comes From, Inc.) | |
|---|---|---|
| 1-year return | +29.0% | +10.4% |
| 5-year return | -38.4% | +0.4% |
| Volatility (ann.) | 35.2% | 57.1% |
| Beta vs S&P 500 | 0.62 | 0.27 |
| Max drawdown (3Y) | -62.2% | -49.1% |
| Market cap | $21.9B | $0.1B |
| P/E (trailing) | – | 45.7 |
| Dividend yield | 4.62% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | DOW | WFCF |
|---|---|---|
| 2022 | -6.6% | -3.7% |
| 2023 | +14.7% | -3.0% |
| 2024 | -22.8% | -2.3% |
| 2025 | -37.4% | -13.2% |
| 2026 | +32.6% | +15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOW and WFCF good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOW and WFCF?
As of 2026-08-27, the correlation of weekly returns between DOW and WFCF is -0.22 over 3 years, -0.29 over 1 year and -0.18 over 5 years.
Is WFCF a good diversifier for DOW?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/dow-vs-wfcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dow-vs-wfcf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOW correlations · WFCF correlations
