LOW vs UFPI: Correlation
How closely do Lowe's (LOW) and UFP Industries, Inc. (UFPI) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and UFPI?
Over the past 3 years, LOW and UFPI moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 512.8 %².
Within LOW's tracked universe of 46 assets, UFPI comes in at #9 by 3-year correlation. Neither side won the trailing year by much: -18.4% against -16.1%.
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.
LOW vs UFPI: side by side
| LOW (Lowe's) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -18.4% | -16.1% |
| 5-year return | +11.1% | +16.0% |
| Volatility (ann.) | 24.8% | 29.4% |
| Beta vs S&P 500 | 0.83 | 0.82 |
| Max drawdown (3Y) | -29.0% | -41.9% |
| Market cap | – | $4.7B |
| P/E (trailing) | 17.8 | 19.7 |
| Dividend yield | 2.31% | 1.64% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LOW | UFPI |
|---|---|---|
| 2022 | -21.5% | -12.9% |
| 2023 | +14.0% | +60.3% |
| 2024 | +13.0% | -9.3% |
| 2025 | -0.3% | -18.0% |
| 2026 | -12.9% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and UFPI good diversifiers for each other?
Only partially. A correlation of 0.70 means LOW and UFPI 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 LOW and UFPI?
The LOW/UFPI correlation stands at 0.70 on a 3-year window (1 year: 0.77, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is UFPI a good diversifier for LOW?
Only partially. A correlation of 0.70 means LOW and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/low-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/low-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOW correlations · UFPI correlations
