UFPI vs WFG: Correlation
How closely do UFP Industries, Inc. (UFPI) and West Fraser Timber Co. Ltd (WFG) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UFPI and WFG?
Over the past 3 years, UFPI and WFG moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 492.1 %².
Within UFPI's tracked universe of 38 assets, WFG comes in at #25 by 3-year correlation. The trailing year gives WFG the advantage: -16.1% versus -3.6%, a 12.5-point spread.
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 WFG: side by side
| UFPI (UFP Industries, Inc.) | WFG (West Fraser Timber Co. Ltd) | |
|---|---|---|
| 1-year return | -16.1% | -3.6% |
| 5-year return | +16.0% | -6.2% |
| Volatility (ann.) | 29.4% | 28.1% |
| Beta vs S&P 500 | 0.82 | 0.63 |
| Max drawdown (3Y) | -41.9% | -42.0% |
| Market cap | $4.7B | $5.4B |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 1.64% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UFPI | WFG |
|---|---|---|
| 2022 | -12.9% | -23.1% |
| 2023 | +60.3% | +20.3% |
| 2024 | -9.3% | +2.6% |
| 2025 | -18.0% | -28.8% |
| 2026 | -5.5% | +14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UFPI and WFG good diversifiers for each other?
Only partially. A correlation of 0.60 means UFPI and WFG 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 UFPI and WFG?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.57 over the last year and 0.58 over 5 years.
Is WFG a good diversifier for UFPI?
Only partially. A correlation of 0.60 means UFPI and WFG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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
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Related comparisons
Hubs: UFPI correlations · WFG correlations
