LCII vs THO: Correlation
How closely do LCI Industries (LCII) and Thor Industries, Inc. (THO) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCII and THO?
Over the past 3 years, LCII and THO moved with a correlation of 0.74, which is strong. The past 12 months show a weaker link (0.55) than the 3-year average (0.74). Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 946.7 %².
In LCII's tracked universe of 11 assets, THO sits right near the top at #1. The last year tells two different stories: LCII led by 28.9 percentage points, -0.3% for LCII against -29.2% for THO.
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 THO: side by side
| LCII (LCI Industries) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | -29.2% |
| 5-year return | -12.8% | -26.9% |
| Volatility (ann.) | 34.4% | 37.1% |
| Beta vs S&P 500 | 0.95 | 1.19 |
| Max drawdown (3Y) | -41.8% | -48.4% |
| Market cap | $2.5B | $4.0B |
| P/E (trailing) | 11.9 | 15.4 |
| Dividend yield | 4.47% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCII | THO |
|---|---|---|
| 2022 | -38.5% | -25.6% |
| 2023 | +41.1% | +59.8% |
| 2024 | -14.6% | -17.9% |
| 2025 | +22.8% | +9.7% |
| 2026 | -13.1% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCII and THO good diversifiers for each other?
Only partially. A correlation of 0.74 means LCII and THO 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 THO?
The LCII/THO correlation stands at 0.74 on a 3-year window (1 year: 0.55, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is THO a good diversifier for LCII?
Only partially. A correlation of 0.74 means LCII and THO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LCII correlations · THO correlations
