SITE vs UFPI: Correlation
SiteOne Landscape Supply, Inc. (SITE) and UFP Industries, Inc. (UFPI) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITE and UFPI?
On 3 years of weekly data the SITE/UFPI correlation comes out at 0.69, strong. The link has tightened recently: the 1-year correlation (0.80) runs above the 3-year figure (0.69). The 5-year figure is 0.69, and annualized covariance runs at 759.2 %².
Few assets follow SITE as closely as UFPI, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with UFPI ahead by 18.1 points (-34.2% 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.
SITE vs UFPI: side by side
| SITE (SiteOne Landscape Supply, Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -34.2% | -16.1% |
| 5-year return | -52.8% | +16.0% |
| Volatility (ann.) | 37.2% | 29.4% |
| Beta vs S&P 500 | 1.06 | 0.82 |
| Max drawdown (3Y) | -49.5% | -41.9% |
| Market cap | $4.2B | $4.7B |
| P/E (trailing) | 26.3 | 19.7 |
| Dividend yield | 0.00% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITE | UFPI |
|---|---|---|
| 2022 | -51.6% | -12.9% |
| 2023 | +38.5% | +60.3% |
| 2024 | -18.9% | -9.3% |
| 2025 | -5.5% | -18.0% |
| 2026 | -23.3% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITE and UFPI good diversifiers for each other?
Only partially. A correlation of 0.69 means SITE and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SITE and UFPI?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.80 over the last year and 0.69 over 5 years.
Is UFPI a good diversifier for SITE?
Only partially. A correlation of 0.69 means SITE and UFPI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/site-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/site-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SITE correlations · UFPI correlations
