OFLX vs UFPI: Correlation
Measured on weekly returns over the past three years, Omega Flex, Inc. (OFLX) and UFP Industries, Inc. (UFPI) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OFLX and UFPI?
On 3 years of weekly data the OFLX/UFPI correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 637.2 %².
UFPI is one of the assets that tracks OFLX most closely: it ranks #3 out of the 10 assets we track against OFLX. Their 12-month results are close: -20.5% for OFLX against -16.1% for UFPI.
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.
OFLX vs UFPI: side by side
| OFLX (Omega Flex, Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -20.5% | -16.1% |
| 5-year return | -79.8% | +16.0% |
| Volatility (ann.) | 37.6% | 29.4% |
| Beta vs S&P 500 | 0.94 | 0.82 |
| Max drawdown (3Y) | -68.3% | -41.9% |
| Market cap | $0.3B | $4.7B |
| P/E (trailing) | 23.1 | 19.7 |
| Dividend yield | 5.06% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OFLX | UFPI |
|---|---|---|
| 2022 | -25.6% | -12.9% |
| 2023 | -23.4% | +60.3% |
| 2024 | -38.9% | -9.3% |
| 2025 | -26.8% | -18.0% |
| 2026 | -6.9% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OFLX and UFPI good diversifiers for each other?
Only partially. A correlation of 0.58 means OFLX and UFPI 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 OFLX and UFPI?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.67 over the last year and 0.42 over 5 years.
Is UFPI a good diversifier for OFLX?
Only partially. A correlation of 0.58 means OFLX and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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/oflx-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oflx-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OFLX correlations · UFPI correlations
