WINA vs WTS: Correlation
How closely do Winmark Corporation (WINA) and Watts Water Technologies, Inc. (WTS) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WINA and WTS?
Across a 3-year window, the weekly returns of WINA and WTS correlate at 0.44, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.44). Stretching to 5 years gives 0.44, with an annualized covariance of 386.2 %².
Within WINA's tracked universe of 12 assets, WTS comes in at #4 by 3-year correlation. The last year tells two different stories: WTS led by 56.2 percentage points, -24.3% for WINA 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.
WINA vs WTS: side by side
| WINA (Winmark Corporation) | WTS (Watts Water Technologies, Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +31.9% |
| 5-year return | +89.5% | +125.4% |
| Volatility (ann.) | 35.4% | 24.6% |
| Beta vs S&P 500 | 0.47 | 0.89 |
| Max drawdown (3Y) | -34.0% | -19.5% |
| Market cap | $1.2B | $12.4B |
| P/E (trailing) | 30.4 | 32.5 |
| Dividend yield | 1.13% | 0.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WINA | WTS |
|---|---|---|
| 2022 | -2.8% | -24.1% |
| 2023 | +82.6% | +43.6% |
| 2024 | -3.3% | -1.6% |
| 2025 | +6.4% | +36.8% |
| 2026 | -16.6% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WINA and WTS good diversifiers for each other?
Reasonably. At 0.44, WINA and WTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between WINA and WTS?
As of 2026-08-27, the correlation of weekly returns between WINA and WTS is 0.44 over 3 years, 0.60 over 1 year and 0.44 over 5 years.
Is WTS a good diversifier for WINA?
Reasonably. At 0.44, WINA and WTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/wina-vs-wts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/wina-vs-wts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: WINA correlations · WTS correlations
