TRNS vs UFPI: Correlation
How closely do Transcat, Inc. (TRNS) and UFP Industries, Inc. (UFPI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRNS and UFPI?
On 3 years of weekly data the TRNS/UFPI correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 634.2 %².
Within TRNS's tracked universe of 10 assets, UFPI comes in at #5 by 3-year correlation. The last year tells two different stories: TRNS led by 23.8 percentage points, +7.7% for TRNS against -16.1% for UFPI. One caveat on sizing: TRNS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TRNS vs UFPI: side by side
| TRNS (Transcat, Inc.) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +7.7% | -16.1% |
| 5-year return | +35.0% | +16.0% |
| Volatility (ann.) | 50.0% | 29.4% |
| Beta vs S&P 500 | 1.03 | 0.82 |
| Max drawdown (3Y) | -63.9% | -41.9% |
| Market cap | $0.8B | $4.7B |
| P/E (trailing) | 249.6 | 19.7 |
| Dividend yield | 0.00% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRNS | UFPI |
|---|---|---|
| 2022 | -23.3% | -12.9% |
| 2023 | +54.3% | +60.3% |
| 2024 | -3.3% | -9.3% |
| 2025 | -46.3% | -18.0% |
| 2026 | +58.4% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRNS and UFPI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TRNS and UFPI?
As of 2026-08-27, the correlation of weekly returns between TRNS and UFPI is 0.43 over 3 years, 0.52 over 1 year and 0.44 over 5 years.
Is UFPI a good diversifier for TRNS?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/trns-vs-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trns-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TRNS correlations · UFPI correlations
