PKOH vs UFPI: Correlation
How closely do Park-Ohio Holdings Corp. (PKOH) and UFP Industries, Inc. (UFPI) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKOH and UFPI?
Over the past 3 years, PKOH and UFPI moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 736.5 %².
Within PKOH's tracked universe of 13 assets, UFPI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PKOH ahead by 162.1 points (+146.0% 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.
PKOH vs UFPI: side by side
| PKOH (Park-Ohio Holdings Corp.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +146.0% | -16.1% |
| 5-year return | +101.4% | +16.0% |
| Volatility (ann.) | 43.9% | 29.4% |
| Beta vs S&P 500 | 1.33 | 0.82 |
| Max drawdown (3Y) | -52.5% | -41.9% |
| Market cap | $0.7B | $4.7B |
| P/E (trailing) | 24.6 | 19.7 |
| Dividend yield | 1.09% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PKOH | UFPI |
|---|---|---|
| 2022 | -40.3% | -12.9% |
| 2023 | +127.1% | +60.3% |
| 2024 | -0.8% | -9.3% |
| 2025 | -18.3% | -18.0% |
| 2026 | +129.2% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKOH and UFPI good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PKOH and UFPI?
As of 2026-08-27, the correlation of weekly returns between PKOH and UFPI is 0.57 over 3 years, 0.61 over 1 year and 0.42 over 5 years.
Is UFPI a good diversifier for PKOH?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pkoh-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pkoh-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PKOH correlations · UFPI correlations
