UFPI vs WNC: Correlation
Measured on weekly returns over the past three years, UFP Industries, Inc. (UFPI) and Wabash National Corporation (WNC) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UFPI and WNC?
Across a 3-year window, the weekly returns of UFPI and WNC correlate at 0.56, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.56). Stretching to 5 years gives 0.55, with an annualized covariance of 822.0 %².
Among the 38 assets we track against UFPI, WNC ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WNC outperformed by 35.1 percentage points (-16.1% for UFPI against +19.0% for WNC). Note the risk asymmetry: WNC 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.
UFPI vs WNC: side by side
| UFPI (UFP Industries, Inc.) | WNC (Wabash National Corporation) | |
|---|---|---|
| 1-year return | -16.1% | +19.0% |
| 5-year return | +16.0% | -6.2% |
| Volatility (ann.) | 29.4% | 49.9% |
| Beta vs S&P 500 | 0.82 | 0.70 |
| Max drawdown (3Y) | -41.9% | -76.4% |
| Market cap | $4.7B | $0.5B |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 1.64% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UFPI | WNC |
|---|---|---|
| 2022 | -12.9% | +18.2% |
| 2023 | +60.3% | +14.9% |
| 2024 | -9.3% | -32.2% |
| 2025 | -18.0% | -48.1% |
| 2026 | -5.5% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UFPI and WNC good diversifiers for each other?
Only partially. A correlation of 0.56 means UFPI and WNC 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 WNC?
As of 2026-08-27, the correlation of weekly returns between UFPI and WNC is 0.56 over 3 years, 0.68 over 1 year and 0.55 over 5 years.
Is WNC a good diversifier for UFPI?
Only partially. A correlation of 0.56 means UFPI and WNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ufpi-vs-wnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ufpi-vs-wnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UFPI correlations · WNC correlations
