PATK vs THO: Correlation
Measured on weekly returns over the past three years, Patrick Industries, Inc. (PATK) and Thor Industries, Inc. (THO) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PATK and THO?
Over the past 3 years, PATK and THO moved with a correlation of 0.70, which is strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.70 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 923.4 %².
Few assets follow PATK as closely as THO, which ranks #2 of 16 tracked partners. Their 12-month results are close: -25.8% for PATK against -29.2% for THO.
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.
PATK vs THO: side by side
| PATK (Patrick Industries, Inc.) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | -29.2% |
| 5-year return | +62.2% | -26.9% |
| Volatility (ann.) | 35.5% | 37.1% |
| Beta vs S&P 500 | 1.04 | 1.19 |
| Max drawdown (3Y) | -42.9% | -48.4% |
| Market cap | $2.7B | $4.0B |
| P/E (trailing) | 19.9 | 15.4 |
| Dividend yield | 2.16% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PATK | THO |
|---|---|---|
| 2022 | -23.1% | -25.6% |
| 2023 | +69.6% | +59.8% |
| 2024 | +26.5% | -17.9% |
| 2025 | +32.7% | +9.7% |
| 2026 | -22.3% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PATK and THO good diversifiers for each other?
To a limited degree. At 0.70 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 PATK and THO?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.61 over the last year and 0.73 over 5 years.
Is THO a good diversifier for PATK?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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.
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Related comparisons
Hubs: PATK correlations · THO correlations
