FOXF vs PII: Correlation
Fox Factory Holding Corp. (FOXF) and Polaris Inc. (PII) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXF and PII?
Over the past 3 years, FOXF and PII moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 1089.1 %².
In FOXF's tracked universe of 13 assets, PII sits right near the top at #2. Correlation aside, the last 12 months split them widely, with PII ahead by 44.8 points (-29.0% versus +15.8%).
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.
FOXF vs PII: side by side
| FOXF (Fox Factory Holding Corp.) | PII (Polaris Inc.) | |
|---|---|---|
| 1-year return | -29.0% | +15.8% |
| 5-year return | -86.3% | -39.0% |
| Volatility (ann.) | 52.1% | 39.0% |
| Beta vs S&P 500 | 1.04 | 1.07 |
| Max drawdown (3Y) | -88.1% | -70.4% |
| Market cap | $0.9B | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXF | PII |
|---|---|---|
| 2022 | -46.4% | -6.0% |
| 2023 | -26.0% | -3.8% |
| 2024 | -55.1% | -37.2% |
| 2025 | -43.5% | +15.9% |
| 2026 | +23.3% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXF and PII good diversifiers for each other?
Only partially. A correlation of 0.54 means FOXF and PII 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 FOXF and PII?
As of 2026-08-27, the correlation of weekly returns between FOXF and PII is 0.54 over 3 years, 0.58 over 1 year and 0.55 over 5 years.
Is PII a good diversifier for FOXF?
Only partially. A correlation of 0.54 means FOXF and PII share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/foxf-vs-pii.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/foxf-vs-pii/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOXF correlations · PII correlations
