IMKTA vs WMK: Correlation
How closely do Ingles Markets, Incorporated (IMKTA) and Weis Markets, Inc. (WMK) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMKTA and WMK?
Across a 3-year window, the weekly returns of IMKTA and WMK correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 384.2 %².
In IMKTA's tracked universe of 13 assets, WMK sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IMKTA outperformed by 25.4 percentage points (+22.5% for IMKTA against -2.9% for WMK).
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.
IMKTA vs WMK: side by side
| IMKTA (Ingles Markets, Incorporated) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | +22.5% | -2.9% |
| 5-year return | +28.3% | +36.2% |
| Volatility (ann.) | 24.9% | 26.2% |
| Beta vs S&P 500 | 0.17 | 0.07 |
| Max drawdown (3Y) | -32.0% | -29.4% |
| Market cap | $1.6B | – |
| P/E (trailing) | 15.2 | 17.6 |
| Dividend yield | 0.79% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMKTA | WMK |
|---|---|---|
| 2022 | +12.6% | +27.1% |
| 2023 | -9.8% | -20.8% |
| 2024 | -24.7% | +8.0% |
| 2025 | +7.4% | -3.6% |
| 2026 | +20.7% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMKTA and WMK good diversifiers for each other?
Only partially. A correlation of 0.59 means IMKTA and WMK 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 IMKTA and WMK?
As of 2026-08-27, the correlation of weekly returns between IMKTA and WMK is 0.59 over 3 years, 0.55 over 1 year and 0.62 over 5 years.
Is WMK a good diversifier for IMKTA?
Only partially. A correlation of 0.59 means IMKTA and WMK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/imkta-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imkta-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMKTA correlations · WMK correlations
