THO vs YETI: Correlation
How closely do Thor Industries, Inc. (THO) and YETI Holdings, Inc. (YETI) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THO and YETI?
On 3 years of weekly data the THO/YETI correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 791.5 %².
Among the 22 assets we track against THO, YETI ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months YETI outperformed by 44.8 percentage points (-29.2% for THO against +15.6% for YETI).
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 YETI: side by side
| THO (Thor Industries, Inc.) | YETI (YETI Holdings, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | +15.6% |
| 5-year return | -26.9% | -58.8% |
| Volatility (ann.) | 37.1% | 39.9% |
| Beta vs S&P 500 | 1.19 | 1.17 |
| Max drawdown (3Y) | -48.4% | -49.7% |
| Market cap | $4.0B | $3.1B |
| P/E (trailing) | 15.4 | 18.4 |
| Dividend yield | 2.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THO | YETI |
|---|---|---|
| 2022 | -25.6% | -50.1% |
| 2023 | +59.8% | +25.3% |
| 2024 | -17.9% | -25.6% |
| 2025 | +9.7% | +14.7% |
| 2026 | -24.3% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THO and YETI good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between THO and YETI?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.63 over the last year and 0.50 over 5 years.
Is YETI a good diversifier for THO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/tho-vs-yeti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tho-vs-yeti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: THO correlations · YETI correlations
