TKR vs WSC: Correlation
Measured on weekly returns over the past three years, Timken Company (The) (TKR) and WillScot Holdings Corporation (WSC) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKR and WSC?
Over the past 3 years, TKR and WSC moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 769.9 %².
By 3-year correlation, WSC places #11 of the 32 assets tracked against TKR. Their recent paths diverged sharply: over the last 12 months TKR outperformed by 74.7 percentage points (+59.8% for TKR against -14.9% for WSC). Note the risk asymmetry: WSC runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TKR vs WSC: side by side
| TKR (Timken Company (The)) | WSC (WillScot Holdings Corporation) | |
|---|---|---|
| 1-year return | +59.8% | -14.9% |
| 5-year return | +80.3% | -27.7% |
| Volatility (ann.) | 27.4% | 45.9% |
| Beta vs S&P 500 | 0.98 | 1.72 |
| Max drawdown (3Y) | -37.6% | -70.7% |
| Market cap | $8.6B | $3.8B |
| P/E (trailing) | 33.7 | – |
| Dividend yield | 1.12% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TKR | WSC |
|---|---|---|
| 2022 | +3.9% | +10.6% |
| 2023 | +15.4% | -1.5% |
| 2024 | -9.5% | -24.8% |
| 2025 | +20.0% | -43.1% |
| 2026 | +49.4% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKR and WSC good diversifiers for each other?
Only partially. A correlation of 0.61 means TKR and WSC 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 TKR and WSC?
As of 2026-08-27, the correlation of weekly returns between TKR and WSC is 0.61 over 3 years, 0.65 over 1 year and 0.59 over 5 years.
Is WSC a good diversifier for TKR?
Only partially. A correlation of 0.61 means TKR and WSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/tkr-vs-wsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tkr-vs-wsc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TKR correlations · WSC correlations
