UFPI vs URI: Correlation
How closely do UFP Industries, Inc. (UFPI) and United Rentals (URI) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UFPI and URI?
On 3 years of weekly data the UFPI/URI correlation comes out at 0.63, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.63). The 5-year figure is 0.61, and annualized covariance runs at 728.5 %².
Among the 38 assets we track against UFPI, URI ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months URI outperformed by 26.3 percentage points (-16.1% for UFPI against +10.2% for URI).
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.
UFPI vs URI: side by side
| UFPI (UFP Industries, Inc.) | URI (United Rentals) | |
|---|---|---|
| 1-year return | -16.1% | +10.2% |
| 5-year return | +16.0% | +204.1% |
| Volatility (ann.) | 29.4% | 39.5% |
| Beta vs S&P 500 | 0.82 | 1.42 |
| Max drawdown (3Y) | -41.9% | -37.0% |
| Market cap | $4.7B | $64.6B |
| P/E (trailing) | 19.7 | 25.4 |
| Dividend yield | 1.64% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | UFPI | URI |
|---|---|---|
| 2022 | -12.9% | +7.0% |
| 2023 | +60.3% | +63.6% |
| 2024 | -9.3% | +24.0% |
| 2025 | -18.0% | +15.9% |
| 2026 | -5.5% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UFPI and URI good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UFPI and URI?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.49 over the last year and 0.61 over 5 years.
Is URI a good diversifier for UFPI?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 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/ufpi-vs-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ufpi-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UFPI correlations · URI correlations
