PII vs THO: Correlation
Polaris Inc. (PII) and Thor Industries, Inc. (THO) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PII and THO?
Over the past 3 years, PII and THO moved with a correlation of 0.61, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 881.8 %².
Within PII's tracked universe of 15 assets, THO comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PII outperformed by 45.0 percentage points (+15.8% for PII 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.
PII vs THO: side by side
| PII (Polaris Inc.) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | +15.8% | -29.2% |
| 5-year return | -39.0% | -26.9% |
| Volatility (ann.) | 39.0% | 37.1% |
| Beta vs S&P 500 | 1.07 | 1.19 |
| Max drawdown (3Y) | -70.4% | -48.4% |
| Market cap | $3.6B | $4.0B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 4.24% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PII | THO |
|---|---|---|
| 2022 | -6.0% | -25.6% |
| 2023 | -3.8% | +59.8% |
| 2024 | -37.2% | -17.9% |
| 2025 | +15.9% | +9.7% |
| 2026 | +3.1% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PII and THO good diversifiers for each other?
To a limited degree. At 0.61 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 PII and THO?
The PII/THO correlation stands at 0.61 on a 3-year window (1 year: 0.62, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is THO a good diversifier for PII?
To a limited degree. At 0.61 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 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: PII correlations · THO correlations
