LPX vs PATK: Correlation
Measured on weekly returns over the past three years, Louisiana-Pacific Corporation (LPX) and Patrick Industries, Inc. (PATK) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and PATK?
Across a 3-year window, the weekly returns of LPX and PATK correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 880.5 %².
Within LPX's tracked universe of 20 assets, PATK comes in at #6 by 3-year correlation. Their 12-month results are close: -25.3% for LPX 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.
LPX vs PATK: side by side
| LPX (Louisiana-Pacific Corporation) | PATK (Patrick Industries, Inc.) | |
|---|---|---|
| 1-year return | -25.3% | -25.8% |
| 5-year return | +15.9% | +62.2% |
| Volatility (ann.) | 37.4% | 35.5% |
| Beta vs S&P 500 | 1.15 | 1.04 |
| Max drawdown (3Y) | -43.1% | -42.9% |
| Market cap | $4.9B | $2.7B |
| P/E (trailing) | 93.1 | 19.9 |
| Dividend yield | 1.63% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | PATK |
|---|---|---|
| 2022 | -23.4% | -23.1% |
| 2023 | +21.5% | +69.6% |
| 2024 | +47.9% | +26.5% |
| 2025 | -21.0% | +32.7% |
| 2026 | -11.4% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and PATK good diversifiers for each other?
Only partially. A correlation of 0.66 means LPX 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 LPX and PATK?
As of 2026-08-27, the correlation of weekly returns between LPX and PATK is 0.66 over 3 years, 0.60 over 1 year and 0.62 over 5 years.
Is PATK a good diversifier for LPX?
Only partially. A correlation of 0.66 means LPX 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 0.66 mean?
On the −1 to +1 scale, 0.66 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.
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Related comparisons
Hubs: LPX correlations · PATK correlations
