PATK vs WY: Correlation
Measured on weekly returns over the past three years, Patrick Industries, Inc. (PATK) and Weyerhaeuser (WY) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PATK and WY?
Across a 3-year window, the weekly returns of PATK and WY correlate at 0.64, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 562.9 %².
Among the 16 assets we track against PATK, WY ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WY outperformed by 19.7 percentage points (-25.8% for PATK against -6.1% for WY).
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 WY: side by side
| PATK (Patrick Industries, Inc.) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -25.8% | -6.1% |
| 5-year return | +62.2% | -19.5% |
| Volatility (ann.) | 35.5% | 24.8% |
| Beta vs S&P 500 | 1.04 | 0.64 |
| Max drawdown (3Y) | -42.9% | -38.0% |
| Market cap | $2.7B | $17.1B |
| P/E (trailing) | 19.9 | 36.5 |
| Dividend yield | 2.16% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | PATK | WY |
|---|---|---|
| 2022 | -23.1% | -20.4% |
| 2023 | +69.6% | +18.0% |
| 2024 | +26.5% | -16.6% |
| 2025 | +32.7% | -13.0% |
| 2026 | -22.3% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PATK and WY good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PATK and WY?
The PATK/WY correlation stands at 0.64 on a 3-year window (1 year: 0.60, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for PATK?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/patk-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PATK correlations · WY correlations
