PAPL vs WY: Correlation
How closely do Pineapple Financial Inc. (PAPL) and Weyerhaeuser (WY) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAPL and WY?
On 3 years of weekly data the PAPL/WY correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -615.6 %².
Among the 51 assets we track against PAPL, WY ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WY ahead by 64.6 points (-70.7% versus -6.1%). One caveat on sizing: PAPL is 7.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PAPL vs WY: side by side
| PAPL (Pineapple Financial Inc.) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -70.7% | -6.1% |
| 5-year return | n/a | -19.5% |
| Volatility (ann.) | 181.2% | 24.8% |
| Beta vs S&P 500 | -0.73 | 0.64 |
| Max drawdown (3Y) | -99.4% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | PAPL | WY |
|---|---|---|
| 2022 | – | -20.4% |
| 2023 | – | +18.0% |
| 2024 | -74.7% | -16.6% |
| 2025 | -84.4% | -13.0% |
| 2026 | -25.5% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAPL and WY good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PAPL and WY?
As of 2026-08-27, the correlation of weekly returns between PAPL and WY is -0.14 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is WY a good diversifier for PAPL?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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
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Related comparisons
Hubs: PAPL correlations · WY correlations
