JOUT vs WGO: Correlation
Measured on weekly returns over the past three years, Johnson Outdoors Inc. (JOUT) and Winnebago Industries, Inc. (WGO) 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 JOUT and WGO?
Over the past 3 years, JOUT and WGO moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 754.5 %².
In JOUT's tracked universe of 12 assets, WGO sits right near the top at #2. Correlation aside, the last 12 months split them widely, with JOUT ahead by 27.8 points (+14.5% versus -13.3%).
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.
JOUT vs WGO: side by side
| JOUT (Johnson Outdoors Inc.) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | +14.5% | -13.3% |
| 5-year return | -55.0% | -52.5% |
| Volatility (ann.) | 34.4% | 43.3% |
| Beta vs S&P 500 | 0.57 | 1.09 |
| Max drawdown (3Y) | -59.4% | -60.5% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 2.90% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOUT | WGO |
|---|---|---|
| 2022 | -28.1% | -28.7% |
| 2023 | -17.5% | +40.9% |
| 2024 | -36.1% | -33.1% |
| 2025 | +34.1% | -11.9% |
| 2026 | +10.1% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOUT and WGO good diversifiers for each other?
Only partially. A correlation of 0.51 means JOUT and WGO 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 JOUT and WGO?
The JOUT/WGO correlation stands at 0.51 on a 3-year window (1 year: 0.54, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is WGO a good diversifier for JOUT?
Only partially. A correlation of 0.51 means JOUT and WGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/jout-vs-wgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jout-vs-wgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOUT correlations · WGO correlations
