HVT vs UFPI: Correlation
Measured on weekly returns over the past three years, Haverty Furniture Companies, Inc. (HVT) and UFP Industries, Inc. (UFPI) 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 HVT and UFPI?
On 3 years of weekly data the HVT/UFPI correlation comes out at 0.63, strong. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.63). The 5-year figure is 0.51, and annualized covariance runs at 644.3 %².
In HVT's tracked universe of 17 assets, UFPI sits right near the top at #3. Correlation aside, the last 12 months split them widely, with HVT ahead by 42.6 points (+26.5% versus -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.
HVT vs UFPI: side by side
| HVT (Haverty Furniture Companies, Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +26.5% | -16.1% |
| 5-year return | +8.2% | +16.0% |
| Volatility (ann.) | 34.8% | 29.4% |
| Beta vs S&P 500 | 1.02 | 0.82 |
| Max drawdown (3Y) | -50.1% | -41.9% |
| Market cap | $0.4B | $4.7B |
| P/E (trailing) | 19.7 | 19.7 |
| Dividend yield | 4.81% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | UFPI |
|---|---|---|
| 2022 | +4.8% | -12.9% |
| 2023 | +27.2% | +60.3% |
| 2024 | -34.4% | -9.3% |
| 2025 | +11.2% | -18.0% |
| 2026 | +22.2% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and UFPI 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 HVT and UFPI?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.75 over the last year and 0.51 over 5 years.
Is UFPI a good diversifier for HVT?
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?
On the −1 to +1 scale, 0.63 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/hvt-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hvt-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HVT correlations · UFPI correlations
