NUE vs WCC: Correlation
Nucor (NUE) and WESCO International, Inc. (WCC) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUE and WCC?
On 3 years of weekly data the NUE/WCC correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 737.4 %².
By 3-year correlation, WCC places #9 of the 34 assets tracked against NUE. On 12-month performance NUE holds a 14.7-point edge, +70.1% against +55.4%.
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.
NUE vs WCC: side by side
| NUE (Nucor) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | +70.1% | +55.4% |
| 5-year return | +124.6% | +203.7% |
| Volatility (ann.) | 33.3% | 38.3% |
| Beta vs S&P 500 | 1.08 | 1.59 |
| Max drawdown (3Y) | -47.8% | -37.4% |
| Market cap | $57.3B | $17.1B |
| P/E (trailing) | 20.1 | 24.0 |
| Dividend yield | 0.88% | 0.55% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | NUE | WCC |
|---|---|---|
| 2022 | +17.4% | -4.9% |
| 2023 | +33.8% | +40.2% |
| 2024 | -32.0% | +5.1% |
| 2025 | +42.0% | +36.4% |
| 2026 | +55.6% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUE and WCC good diversifiers for each other?
To a limited degree. At 0.58 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 NUE and WCC?
As of 2026-08-27, the correlation of weekly returns between NUE and WCC is 0.58 over 3 years, 0.58 over 1 year and 0.53 over 5 years.
Is WCC a good diversifier for NUE?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/nue-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nue-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NUE correlations · WCC correlations
