FAST vs UFPI: Correlation
How closely do Fastenal (FAST) and UFP Industries, Inc. (UFPI) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAST and UFPI?
On 3 years of weekly data the FAST/UFPI correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 360.8 %².
Within FAST's tracked universe of 33 assets, UFPI comes in at #13 by 3-year correlation. The last year tells two different stories: FAST led by 20.2 percentage points, +4.1% for FAST against -16.1% for UFPI.
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.
FAST vs UFPI: side by side
| FAST (Fastenal) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +4.1% | -16.1% |
| 5-year return | +105.5% | +16.0% |
| Volatility (ann.) | 24.0% | 29.4% |
| Beta vs S&P 500 | 0.63 | 0.82 |
| Max drawdown (3Y) | -21.9% | -41.9% |
| Market cap | $58.7B | $4.7B |
| P/E (trailing) | 43.7 | 19.7 |
| Dividend yield | 1.80% | 1.64% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FAST | UFPI |
|---|---|---|
| 2022 | -24.3% | -12.9% |
| 2023 | +41.3% | +60.3% |
| 2024 | +13.5% | -9.3% |
| 2025 | +14.0% | -18.0% |
| 2026 | +29.5% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAST and UFPI good diversifiers for each other?
Only partially. A correlation of 0.51 means FAST and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FAST and UFPI?
The FAST/UFPI correlation stands at 0.51 on a 3-year window (1 year: 0.45, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is UFPI a good diversifier for FAST?
Only partially. A correlation of 0.51 means FAST and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fast-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fast-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FAST correlations · UFPI correlations
