LPX vs WFG: Correlation
Measured on weekly returns over the past three years, Louisiana-Pacific Corporation (LPX) and West Fraser Timber Co. Ltd (WFG) 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 LPX and WFG?
On 3 years of weekly data the LPX/WFG correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 681.8 %².
Among the 20 assets we track against LPX, WFG ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WFG outperformed by 21.7 percentage points (-25.3% for LPX against -3.6% for WFG).
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 WFG: side by side
| LPX (Louisiana-Pacific Corporation) | WFG (West Fraser Timber Co. Ltd) | |
|---|---|---|
| 1-year return | -25.3% | -3.6% |
| 5-year return | +15.9% | -6.2% |
| Volatility (ann.) | 37.4% | 28.1% |
| Beta vs S&P 500 | 1.15 | 0.63 |
| Max drawdown (3Y) | -43.1% | -42.0% |
| Market cap | $4.9B | $5.4B |
| P/E (trailing) | 93.1 | – |
| Dividend yield | 1.63% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | WFG |
|---|---|---|
| 2022 | -23.4% | -23.1% |
| 2023 | +21.5% | +20.3% |
| 2024 | +47.9% | +2.6% |
| 2025 | -21.0% | -28.8% |
| 2026 | -11.4% | +14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and WFG good diversifiers for each other?
To a limited degree. At 0.65 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 WFG?
The LPX/WFG correlation stands at 0.65 on a 3-year window (1 year: 0.72, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is WFG a good diversifier for LPX?
To a limited degree. At 0.65 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 0.65 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/lpx-vs-wfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lpx-vs-wfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPX correlations · WFG correlations
