SSD vs UFPI: Correlation
How closely do Simpson Manufacturing Company, Inc. (SSD) and UFP Industries, Inc. (UFPI) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSD and UFPI?
Over the past 3 years, SSD and UFPI moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 623.6 %².
Few assets follow SSD as closely as UFPI, which ranks #2 of 18 tracked partners. Over the last 12 months SSD came out ahead by 10.8 percentage points (-5.3% against -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.
SSD vs UFPI: side by side
| SSD (Simpson Manufacturing Company, Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -5.3% | -16.1% |
| 5-year return | +65.7% | +16.0% |
| Volatility (ann.) | 29.5% | 29.4% |
| Beta vs S&P 500 | 0.89 | 0.82 |
| Max drawdown (3Y) | -34.4% | -41.9% |
| Market cap | $7.5B | $4.7B |
| P/E (trailing) | 20.3 | 19.7 |
| Dividend yield | 0.63% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSD | UFPI |
|---|---|---|
| 2022 | -35.6% | -12.9% |
| 2023 | +125.4% | +60.3% |
| 2024 | -15.7% | -9.3% |
| 2025 | -1.9% | -18.0% |
| 2026 | +13.6% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSD and UFPI good diversifiers for each other?
Only partially. A correlation of 0.72 means SSD 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 SSD and UFPI?
As of 2026-08-27, the correlation of weekly returns between SSD and UFPI is 0.72 over 3 years, 0.72 over 1 year and 0.70 over 5 years.
Is UFPI a good diversifier for SSD?
Only partially. A correlation of 0.72 means SSD 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 0.72 mean?
A reading of 0.72 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/ssd-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssd-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SSD correlations · UFPI correlations
