ETD vs PATK: Correlation
Measured on weekly returns over the past three years, Ethan Allen Interiors Inc. (ETD) and Patrick Industries, Inc. (PATK) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETD and PATK?
Across a 3-year window, the weekly returns of ETD and PATK correlate at 0.63, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.63 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 634.3 %².
PATK is one of the assets that tracks ETD most closely: it ranks #3 out of the 12 assets we track against ETD. The trailing year gives ETD the advantage: -15.3% versus -25.8%, a 10.5-point spread.
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.
ETD vs PATK: side by side
| ETD (Ethan Allen Interiors Inc.) | PATK (Patrick Industries, Inc.) | |
|---|---|---|
| 1-year return | -15.3% | -25.8% |
| 5-year return | +35.4% | +62.2% |
| Volatility (ann.) | 28.2% | 35.5% |
| Beta vs S&P 500 | 0.66 | 1.04 |
| Max drawdown (3Y) | -36.8% | -42.9% |
| Market cap | $0.6B | $2.7B |
| P/E (trailing) | 15.1 | 19.9 |
| Dividend yield | 6.61% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETD | PATK |
|---|---|---|
| 2022 | +7.5% | -23.1% |
| 2023 | +28.7% | +69.6% |
| 2024 | -6.0% | +26.5% |
| 2025 | -13.2% | +32.7% |
| 2026 | +9.3% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETD and PATK good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETD and PATK?
As of 2026-08-27, the correlation of weekly returns between ETD and PATK is 0.63 over 3 years, 0.58 over 1 year and 0.57 over 5 years.
Is PATK a good diversifier for ETD?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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: ETD correlations · PATK correlations
