LCII vs WGO: Correlation
Measured on weekly returns over the past three years, LCI Industries (LCII) and Winnebago Industries, Inc. (WGO) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCII and WGO?
Across a 3-year window, the weekly returns of LCII and WGO correlate at 0.65, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.65). Stretching to 5 years gives 0.70, with an annualized covariance of 968.1 %².
Few assets follow LCII as closely as WGO, which ranks #3 of 11 tracked partners. Over the last 12 months LCII came out ahead by 13.0 percentage points (-0.3% against -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.
LCII vs WGO: side by side
| LCII (LCI Industries) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | -13.3% |
| 5-year return | -12.8% | -52.5% |
| Volatility (ann.) | 34.4% | 43.3% |
| Beta vs S&P 500 | 0.95 | 1.09 |
| Max drawdown (3Y) | -41.8% | -60.5% |
| Market cap | $2.5B | $0.9B |
| P/E (trailing) | 11.9 | 22.3 |
| Dividend yield | 4.47% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCII | WGO |
|---|---|---|
| 2022 | -38.5% | -28.7% |
| 2023 | +41.1% | +40.9% |
| 2024 | -14.6% | -33.1% |
| 2025 | +22.8% | -11.9% |
| 2026 | -13.1% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCII and WGO good diversifiers for each other?
Only partially. A correlation of 0.65 means LCII 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 LCII and WGO?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.48 over the last year and 0.70 over 5 years.
Is WGO a good diversifier for LCII?
Only partially. A correlation of 0.65 means LCII 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 0.65 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-wgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lcii-vs-wgo/)
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Related comparisons
Hubs: LCII correlations · WGO correlations
