JELD vs TREX: Correlation
JELD-WEN Holding, Inc. (JELD) and Trex Company, Inc. (TREX) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and TREX?
Across a 3-year window, the weekly returns of JELD and TREX correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 2111.3 %².
In JELD's tracked universe of 16 assets, TREX sits right near the top at #3. The last year tells two different stories: TREX led by 36.4 percentage points, -63.7% for JELD against -27.3% for TREX. Note the risk asymmetry: JELD runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JELD vs TREX: side by side
| JELD (JELD-WEN Holding, Inc.) | TREX (Trex Company, Inc.) | |
|---|---|---|
| 1-year return | -63.7% | -27.3% |
| 5-year return | -92.5% | -58.7% |
| Volatility (ann.) | 80.7% | 45.3% |
| Beta vs S&P 500 | 2.01 | 1.48 |
| Max drawdown (3Y) | -95.5% | -69.9% |
| Market cap | $0.2B | $4.7B |
| P/E (trailing) | – | 27.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JELD | TREX |
|---|---|---|
| 2022 | -63.4% | -68.7% |
| 2023 | +95.6% | +95.6% |
| 2024 | -56.6% | -16.6% |
| 2025 | -70.0% | -49.2% |
| 2026 | -11.4% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JELD and TREX good diversifiers for each other?
To a limited degree. At 0.58 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 JELD and TREX?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.59 over the last year and 0.57 over 5 years.
Is TREX a good diversifier for JELD?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 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/jeld-vs-trex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jeld-vs-trex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JELD correlations · TREX correlations
