RYN vs WY: Correlation
Measured on weekly returns over the past three years, Rayonier Inc. REIT (RYN) and Weyerhaeuser (WY) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYN and WY?
On 3 years of weekly data the RYN/WY correlation comes out at 0.75, strong. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 477.5 %².
In RYN's tracked universe of 12 assets, WY sits right near the top at #1. The trailing year gives WY the advantage: -13.1% versus -6.1%, a 7.0-point spread.
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.
RYN vs WY: side by side
| RYN (Rayonier Inc. REIT) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -13.1% | -6.1% |
| 5-year return | -23.3% | -19.5% |
| Volatility (ann.) | 25.6% | 24.8% |
| Beta vs S&P 500 | 0.57 | 0.64 |
| Max drawdown (3Y) | -31.5% | -38.0% |
| Market cap | $6.2B | $17.1B |
| P/E (trailing) | 44.8 | 36.5 |
| Dividend yield | 5.12% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | RYN | WY |
|---|---|---|
| 2022 | -15.8% | -20.4% |
| 2023 | +5.8% | +18.0% |
| 2024 | -14.0% | -16.6% |
| 2025 | -8.0% | -13.0% |
| 2026 | -2.3% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYN and WY good diversifiers for each other?
To a limited degree. At 0.75 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 RYN and WY?
The RYN/WY correlation stands at 0.75 on a 3-year window (1 year: 0.81, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for RYN?
To a limited degree. At 0.75 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 0.75 mean?
On the −1 to +1 scale, 0.75 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/ryn-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ryn-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RYN correlations · WY correlations
