HD vs UFPI: Correlation
Measured on weekly returns over the past three years, Home Depot (The) (HD) and UFP Industries, Inc. (UFPI) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and UFPI?
On 3 years of weekly data the HD/UFPI correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 471.8 %².
By 3-year correlation, UFPI places #15 of the 54 assets tracked against HD. Neither side won the trailing year by much: -17.4% against -16.1%.
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.
HD vs UFPI: side by side
| HD (Home Depot (The)) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -17.4% | -16.1% |
| 5-year return | +13.8% | +16.0% |
| Volatility (ann.) | 23.6% | 29.4% |
| Beta vs S&P 500 | 0.87 | 0.82 |
| Max drawdown (3Y) | -28.8% | -41.9% |
| Market cap | $327.9B | $4.7B |
| P/E (trailing) | 23.4 | 19.7 |
| Dividend yield | 1.38% | 1.64% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | UFPI |
|---|---|---|
| 2022 | -22.0% | -12.9% |
| 2023 | +12.8% | +60.3% |
| 2024 | +15.0% | -9.3% |
| 2025 | -9.3% | -18.0% |
| 2026 | -3.1% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and UFPI good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HD and UFPI?
The HD/UFPI correlation stands at 0.68 on a 3-year window (1 year: 0.71, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is UFPI a good diversifier for HD?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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/hd-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hd-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HD correlations · UFPI correlations
