LGIH vs WNC: Correlation
Measured on weekly returns over the past three years, LGI Homes, Inc. (LGIH) and Wabash National Corporation (WNC) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGIH and WNC?
Across a 3-year window, the weekly returns of LGIH and WNC correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 1417.3 %².
Among the 16 assets we track against LGIH, WNC ranks #9 by 3-year correlation. The last year tells two different stories: WNC led by 28.4 percentage points, -9.4% for LGIH against +19.0% for WNC.
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.
LGIH vs WNC: side by side
| LGIH (LGI Homes, Inc.) | WNC (Wabash National Corporation) | |
|---|---|---|
| 1-year return | -9.4% | +19.0% |
| 5-year return | -64.2% | -6.2% |
| Volatility (ann.) | 53.2% | 49.9% |
| Beta vs S&P 500 | 1.23 | 0.70 |
| Max drawdown (3Y) | -74.8% | -76.4% |
| Market cap | $1.3B | $0.5B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGIH | WNC |
|---|---|---|
| 2022 | -40.1% | +18.2% |
| 2023 | +43.8% | +14.9% |
| 2024 | -32.9% | -32.2% |
| 2025 | -51.9% | -48.1% |
| 2026 | +32.7% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGIH and WNC good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LGIH and WNC?
The LGIH/WNC correlation stands at 0.53 on a 3-year window (1 year: 0.60, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is WNC a good diversifier for LGIH?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lgih-vs-wnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lgih-vs-wnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LGIH correlations · WNC correlations
