INGR vs WWW: Correlation
Measured on weekly returns over the past three years, Ingredion Incorporated (INGR) and Wolverine World Wide, Inc. (WWW) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INGR and WWW?
On 3 years of weekly data the INGR/WWW correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.51 over 3. The 5-year figure is 0.43, and annualized covariance runs at 535.7 %².
Within INGR's tracked universe of 12 assets, WWW comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INGR ahead by 18.9 points (-17.5% versus -36.4%). One caveat on sizing: WWW is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INGR vs WWW: side by side
| INGR (Ingredion Incorporated) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | -17.5% | -36.4% |
| 5-year return | +35.7% | -38.6% |
| Volatility (ann.) | 18.5% | 57.1% |
| Beta vs S&P 500 | 0.34 | 1.60 |
| Max drawdown (3Y) | -36.4% | -58.0% |
| Market cap | $6.5B | $1.6B |
| P/E (trailing) | 11.4 | 15.7 |
| Dividend yield | 3.13% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INGR | WWW |
|---|---|---|
| 2022 | +4.5% | -61.1% |
| 2023 | +14.1% | -15.6% |
| 2024 | +29.2% | +155.3% |
| 2025 | -17.9% | -16.5% |
| 2026 | -3.9% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGR and WWW good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INGR and WWW?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.53 over the last year and 0.43 over 5 years.
Is WWW a good diversifier for INGR?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/ingr-vs-www.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ingr-vs-www/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INGR correlations · WWW correlations
