PACK vs WSM: Correlation
Measured on weekly returns over the past three years, Ranpak Holdings Corp (PACK) and Williams-Sonoma, Inc. (WSM) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACK and WSM?
Across a 3-year window, the weekly returns of PACK and WSM correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 1562.0 %².
Among the 14 assets we track against PACK, WSM ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WSM ahead by 32.7 points (-6.9% versus +25.8%). Note the risk asymmetry: PACK runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PACK vs WSM: side by side
| PACK (Ranpak Holdings Corp) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | -6.9% | +25.8% |
| 5-year return | -83.7% | +182.0% |
| Volatility (ann.) | 75.3% | 43.0% |
| Beta vs S&P 500 | 1.81 | 1.33 |
| Max drawdown (3Y) | -64.5% | -36.8% |
| Market cap | $0.4B | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | PACK | WSM |
|---|---|---|
| 2022 | -84.6% | -30.5% |
| 2023 | +0.9% | +80.2% |
| 2024 | +18.2% | +86.6% |
| 2025 | -21.4% | -2.1% |
| 2026 | -7.2% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACK and WSM good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PACK and WSM?
As of 2026-08-27, the correlation of weekly returns between PACK and WSM is 0.48 over 3 years, 0.40 over 1 year and 0.45 over 5 years.
Is WSM a good diversifier for PACK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/pack-vs-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pack-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PACK correlations · WSM correlations
