LPX vs UFPI: Correlation
Measured on weekly returns over the past three years, Louisiana-Pacific Corporation (LPX) and UFP Industries, Inc. (UFPI) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and UFPI?
Over the past 3 years, LPX and UFPI moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 756.3 %².
Few assets follow LPX as closely as UFPI, which ranks #3 of 20 tracked partners. The trailing year gives UFPI the advantage: -25.3% versus -16.1%, a 9.2-point spread.
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 UFPI: side by side
| LPX (Louisiana-Pacific Corporation) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -25.3% | -16.1% |
| 5-year return | +15.9% | +16.0% |
| Volatility (ann.) | 37.4% | 29.4% |
| Beta vs S&P 500 | 1.15 | 0.82 |
| Max drawdown (3Y) | -43.1% | -41.9% |
| Market cap | $4.9B | $4.7B |
| P/E (trailing) | 93.1 | 19.7 |
| Dividend yield | 1.63% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | UFPI |
|---|---|---|
| 2022 | -23.4% | -12.9% |
| 2023 | +21.5% | +60.3% |
| 2024 | +47.9% | -9.3% |
| 2025 | -21.0% | -18.0% |
| 2026 | -11.4% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and UFPI good diversifiers for each other?
To a limited degree. At 0.69 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 LPX and UFPI?
As of 2026-08-27, the correlation of weekly returns between LPX and UFPI is 0.69 over 3 years, 0.73 over 1 year and 0.68 over 5 years.
Is UFPI a good diversifier for LPX?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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/lpx-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpx-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LPX correlations · UFPI correlations
