JOE vs UFPI: Correlation
Measured on weekly returns over the past three years, St. Joe Company (The) (JOE) and UFP Industries, Inc. (UFPI) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOE and UFPI?
On 3 years of weekly data the JOE/UFPI correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 517.1 %².
Within JOE's tracked universe of 12 assets, UFPI comes in at #5 by 3-year correlation. The last year tells two different stories: JOE led by 51.2 percentage points, +35.1% for JOE against -16.1% for UFPI.
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.
JOE vs UFPI: side by side
| JOE (St. Joe Company (The)) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | -16.1% |
| 5-year return | +53.5% | +16.0% |
| Volatility (ann.) | 28.2% | 29.4% |
| Beta vs S&P 500 | 0.84 | 0.82 |
| Max drawdown (3Y) | -35.4% | -41.9% |
| Market cap | $3.9B | $4.7B |
| P/E (trailing) | 32.5 | 19.7 |
| Dividend yield | 0.90% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOE | UFPI |
|---|---|---|
| 2022 | -25.1% | -12.9% |
| 2023 | +57.1% | +60.3% |
| 2024 | -24.6% | -9.3% |
| 2025 | +33.7% | -18.0% |
| 2026 | +15.2% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOE and UFPI good diversifiers for each other?
Only partially. A correlation of 0.62 means JOE and UFPI 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 JOE and UFPI?
The JOE/UFPI correlation stands at 0.62 on a 3-year window (1 year: 0.54, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is UFPI a good diversifier for JOE?
Only partially. A correlation of 0.62 means JOE and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/joe-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/joe-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOE correlations · UFPI correlations
