LCII vs PATK: Correlation
How closely do LCI Industries (LCII) and Patrick Industries, Inc. (PATK) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCII and PATK?
Over the past 3 years, LCII and PATK moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 845.9 %².
PATK is one of the assets that tracks LCII most closely: it ranks #2 out of the 11 assets we track against LCII. Their recent paths diverged sharply: over the last 12 months LCII outperformed by 25.5 percentage points (-0.3% for LCII against -25.8% for PATK).
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.
LCII vs PATK: side by side
| LCII (LCI Industries) | PATK (Patrick Industries, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | -25.8% |
| 5-year return | -12.8% | +62.2% |
| Volatility (ann.) | 34.4% | 35.5% |
| Beta vs S&P 500 | 0.95 | 1.04 |
| Max drawdown (3Y) | -41.8% | -42.9% |
| Market cap | $2.5B | $2.7B |
| P/E (trailing) | 11.9 | 19.9 |
| Dividend yield | 4.47% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCII | PATK |
|---|---|---|
| 2022 | -38.5% | -23.1% |
| 2023 | +41.1% | +69.6% |
| 2024 | -14.6% | +26.5% |
| 2025 | +22.8% | +32.7% |
| 2026 | -13.1% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCII and PATK good diversifiers for each other?
Only partially. A correlation of 0.69 means LCII and PATK 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 LCII and PATK?
As of 2026-08-27, the correlation of weekly returns between LCII and PATK is 0.69 over 3 years, 0.62 over 1 year and 0.72 over 5 years.
Is PATK a good diversifier for LCII?
Only partially. A correlation of 0.69 means LCII and PATK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/lcii-vs-patk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lcii-vs-patk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCII correlations · PATK correlations
