USPH vs WWW: Correlation
Measured on weekly returns over the past three years, U.S. Physical Therapy, Inc. (USPH) and Wolverine World Wide, Inc. (WWW) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USPH and WWW?
Across a 3-year window, the weekly returns of USPH and WWW correlate at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.55). Stretching to 5 years gives 0.45, with an annualized covariance of 1066.9 %².
In USPH's tracked universe of 15 assets, WWW sits right near the top at #3. Correlation aside, the last 12 months split them widely, with USPH ahead by 32.3 points (-4.1% versus -36.4%). Note the risk asymmetry: WWW 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.
USPH vs WWW: side by side
| USPH (U.S. Physical Therapy, Inc.) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | -4.1% | -36.4% |
| 5-year return | -25.3% | -38.6% |
| Volatility (ann.) | 33.7% | 57.1% |
| Beta vs S&P 500 | 0.84 | 1.60 |
| Max drawdown (3Y) | -45.4% | -58.0% |
| Market cap | $1.2B | $1.6B |
| P/E (trailing) | 465.3 | 15.7 |
| Dividend yield | 2.33% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | USPH | WWW |
|---|---|---|
| 2022 | -13.7% | -61.1% |
| 2023 | +17.0% | -15.6% |
| 2024 | -3.0% | +155.3% |
| 2025 | -9.9% | -16.5% |
| 2026 | +3.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USPH and WWW good diversifiers for each other?
Only partially. A correlation of 0.55 means USPH and WWW 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 USPH and WWW?
The USPH/WWW correlation stands at 0.55 on a 3-year window (1 year: 0.43, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is WWW a good diversifier for USPH?
Only partially. A correlation of 0.55 means USPH and WWW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/usph-vs-www.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/usph-vs-www/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: USPH correlations · WWW correlations
