PCAR vs UFPI: Correlation
Measured on weekly returns over the past three years, Paccar (PCAR) and UFP Industries, Inc. (UFPI) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCAR and UFPI?
Over the past 3 years, PCAR and UFPI moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 394.7 %².
Within PCAR's tracked universe of 27 assets, UFPI comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PCAR ahead by 43.9 points (+27.8% versus -16.1%).
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.
PCAR vs UFPI: side by side
| PCAR (Paccar) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +27.8% | -16.1% |
| 5-year return | +177.9% | +16.0% |
| Volatility (ann.) | 24.1% | 29.4% |
| Beta vs S&P 500 | 0.74 | 0.82 |
| Max drawdown (3Y) | -27.7% | -41.9% |
| Market cap | $66.6B | $4.7B |
| P/E (trailing) | 26.6 | 19.7 |
| Dividend yield | 1.04% | 1.64% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PCAR | UFPI |
|---|---|---|
| 2022 | +17.0% | -12.9% |
| 2023 | +55.0% | +60.3% |
| 2024 | +10.8% | -9.3% |
| 2025 | +8.0% | -18.0% |
| 2026 | +16.5% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCAR and UFPI good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCAR and UFPI?
As of 2026-08-27, the correlation of weekly returns between PCAR and UFPI is 0.56 over 3 years, 0.57 over 1 year and 0.55 over 5 years.
Is UFPI a good diversifier for PCAR?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pcar-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pcar-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCAR correlations · UFPI correlations
