WFG vs WY: Correlation
West Fraser Timber Co. Ltd (WFG) and Weyerhaeuser (WY) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WFG and WY?
Over the past 3 years, WFG and WY moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 412.0 %².
Among the 10 assets we track against WFG, WY ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -3.6% for WFG and -6.1% for WY.
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.
WFG vs WY: side by side
| WFG (West Fraser Timber Co. Ltd) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -3.6% | -6.1% |
| 5-year return | -6.2% | -19.5% |
| Volatility (ann.) | 28.1% | 24.8% |
| Beta vs S&P 500 | 0.63 | 0.64 |
| Max drawdown (3Y) | -42.0% | -38.0% |
| Market cap | $5.4B | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 1.89% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | WFG | WY |
|---|---|---|
| 2022 | -23.1% | -20.4% |
| 2023 | +20.3% | +18.0% |
| 2024 | +2.6% | -16.6% |
| 2025 | -28.8% | -13.0% |
| 2026 | +14.0% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WFG and WY good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between WFG and WY?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.54 over the last year and 0.60 over 5 years.
Is WY a good diversifier for WFG?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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/wfg-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/wfg-vs-wy/)
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Related comparisons
Hubs: WFG correlations · WY correlations
