PATK vs UFPI: Correlation
Patrick Industries, Inc. (PATK) and UFP Industries, Inc. (UFPI) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PATK and UFPI?
On 3 years of weekly data the PATK/UFPI correlation comes out at 0.72, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 754.2 %².
UFPI is one of the assets that tracks PATK most closely: it ranks #1 out of the 16 assets we track against PATK. The trailing year gives UFPI the advantage: -25.8% versus -16.1%, a 9.7-point spread.
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 UFPI: side by side
| PATK (Patrick Industries, Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | -16.1% |
| 5-year return | +62.2% | +16.0% |
| Volatility (ann.) | 35.5% | 29.4% |
| Beta vs S&P 500 | 1.04 | 0.82 |
| Max drawdown (3Y) | -42.9% | -41.9% |
| Market cap | $2.7B | $4.7B |
| P/E (trailing) | 19.9 | 19.7 |
| Dividend yield | 2.16% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PATK | UFPI |
|---|---|---|
| 2022 | -23.1% | -12.9% |
| 2023 | +69.6% | +60.3% |
| 2024 | +26.5% | -9.3% |
| 2025 | +32.7% | -18.0% |
| 2026 | -22.3% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PATK and UFPI good diversifiers for each other?
Only partially. A correlation of 0.72 means PATK 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 PATK and UFPI?
As of 2026-08-27, the correlation of weekly returns between PATK and UFPI is 0.72 over 3 years, 0.73 over 1 year and 0.69 over 5 years.
Is UFPI a good diversifier for PATK?
Only partially. A correlation of 0.72 means PATK 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 0.72 mean?
On the −1 to +1 scale, 0.72 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/patk-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/patk-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PATK correlations · UFPI correlations
