PLD vs WY: Correlation
How closely do Prologis (PLD) and Weyerhaeuser (WY) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and WY?
Over the past 3 years, PLD and WY moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 375.8 %².
Within PLD's tracked universe of 40 assets, WY comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLD ahead by 36.1 points (+30.0% versus -6.1%). Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.76.
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.
PLD vs WY: side by side
| PLD (Prologis) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +30.0% | -6.1% |
| 5-year return | +22.5% | -19.5% |
| Volatility (ann.) | 25.8% | 24.8% |
| Beta vs S&P 500 | 0.90 | 0.64 |
| Max drawdown (3Y) | -31.4% | -38.0% |
| Market cap | $137.9B | $17.1B |
| P/E (trailing) | 31.7 | 36.5 |
| Dividend yield | 2.92% | 3.49% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | PLD | WY |
|---|---|---|
| 2022 | -31.3% | -20.4% |
| 2023 | +21.6% | +18.0% |
| 2024 | -18.1% | -16.6% |
| 2025 | +25.1% | -13.0% |
| 2026 | +12.8% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and WY good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PLD and WY?
The PLD/WY correlation stands at 0.59 on a 3-year window (1 year: 0.29, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for PLD?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/pld-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pld-vs-wy/)
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Related comparisons
Hubs: PLD correlations · WY correlations
