NWPX vs WCC: Correlation
How closely do NWPX Infrastructure, Inc. (NWPX) and WESCO International, Inc. (WCC) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWPX and WCC?
Over the past 3 years, NWPX and WCC moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 789.7 %².
Among the 12 assets we track against NWPX, WCC ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NWPX ahead by 58.7 points (+114.1% versus +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.
NWPX vs WCC: side by side
| NWPX (NWPX Infrastructure, Inc.) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | +114.1% | +55.4% |
| 5-year return | +340.7% | +203.7% |
| Volatility (ann.) | 37.8% | 38.3% |
| Beta vs S&P 500 | 0.95 | 1.59 |
| Max drawdown (3Y) | -35.4% | -37.4% |
| Market cap | $1.1B | $17.1B |
| P/E (trailing) | 23.1 | 24.0 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWPX | WCC |
|---|---|---|
| 2022 | +6.0% | -4.9% |
| 2023 | -10.2% | +40.2% |
| 2024 | +59.5% | +5.1% |
| 2025 | +29.5% | +36.4% |
| 2026 | +82.9% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWPX and WCC good diversifiers for each other?
Only partially. A correlation of 0.55 means NWPX and WCC 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 NWPX and WCC?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.52 over the last year and 0.52 over 5 years.
Is WCC a good diversifier for NWPX?
Only partially. A correlation of 0.55 means NWPX and WCC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/nwpx-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nwpx-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWPX correlations · WCC correlations
