THO vs WGO: Correlation
Measured on weekly returns over the past three years, Thor Industries, Inc. (THO) and Winnebago Industries, Inc. (WGO) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THO and WGO?
On 3 years of weekly data the THO/WGO correlation comes out at 0.76, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 1223.8 %².
In THO's tracked universe of 22 assets, WGO sits right near the top at #1. Correlation aside, the last 12 months split them widely, with WGO ahead by 15.9 points (-29.2% versus -13.3%).
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.
THO vs WGO: side by side
| THO (Thor Industries, Inc.) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | -13.3% |
| 5-year return | -26.9% | -52.5% |
| Volatility (ann.) | 37.1% | 43.3% |
| Beta vs S&P 500 | 1.19 | 1.09 |
| Max drawdown (3Y) | -48.4% | -60.5% |
| Market cap | $4.0B | $0.9B |
| P/E (trailing) | 15.4 | 22.3 |
| Dividend yield | 2.65% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THO | WGO |
|---|---|---|
| 2022 | -25.6% | -28.7% |
| 2023 | +59.8% | +40.9% |
| 2024 | -17.9% | -33.1% |
| 2025 | +9.7% | -11.9% |
| 2026 | -24.3% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THO and WGO good diversifiers for each other?
Only partially. A correlation of 0.76 means THO and WGO 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 THO and WGO?
The THO/WGO correlation stands at 0.76 on a 3-year window (1 year: 0.74, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is WGO a good diversifier for THO?
Only partially. A correlation of 0.76 means THO and WGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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/tho-vs-wgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tho-vs-wgo/)
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Related comparisons
Hubs: THO correlations · WGO correlations
