WDFC vs WTS: Correlation
Measured on weekly returns over the past three years, WD-40 Company (WDFC) and Watts Water Technologies, Inc. (WTS) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WDFC and WTS?
On 3 years of weekly data the WDFC/WTS correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.37 over 3. The 5-year figure is 0.38, and annualized covariance runs at 250.6 %².
Among the 12 assets we track against WDFC, WTS ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTS outperformed by 31.2 percentage points (+0.7% for WDFC against +31.9% for WTS).
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.
WDFC vs WTS: side by side
| WDFC (WD-40 Company) | WTS (Watts Water Technologies, Inc.) | |
|---|---|---|
| 1-year return | +0.7% | +31.9% |
| 5-year return | +0.9% | +125.4% |
| Volatility (ann.) | 27.6% | 24.6% |
| Beta vs S&P 500 | 0.18 | 0.89 |
| Max drawdown (3Y) | -34.2% | -19.5% |
| Market cap | $2.9B | $12.4B |
| P/E (trailing) | 33.3 | 32.5 |
| Dividend yield | 1.85% | 0.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WDFC | WTS |
|---|---|---|
| 2022 | -33.0% | -24.1% |
| 2023 | +50.9% | +43.6% |
| 2024 | +2.9% | -1.6% |
| 2025 | -17.4% | +36.8% |
| 2026 | +12.7% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WDFC and WTS good diversifiers for each other?
Reasonably. At 0.37, WDFC and WTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between WDFC and WTS?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.45 over the last year and 0.38 over 5 years.
Is WTS a good diversifier for WDFC?
Reasonably. At 0.37, WDFC and WTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: WDFC correlations · WTS correlations
