TREX vs. LPX
TREX (Trex Company, Inc.) and LPX (Louisiana-Pacific Corporation) are both stocks. Both operate in the Building Products & Equipment industry within the Industrials sector. Over the past 10 years, TREX returned 14.76%/yr vs 16.31%/yr for LPX. At a 0.41 correlation, their price movements are largely independent.
Performance
TREX vs. LPX - Performance Comparison
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Returns By Period
In the year-to-date period, TREX achieves a 19.87% return, which is significantly higher than LPX's -12.58% return. Over the past 10 years, TREX has underperformed LPX with an annualized return of 14.76%, while LPX has yielded a comparatively higher 16.31% annualized return.
TREX
- 1D
- 6.05%
- 1M
- 4.60%
- YTD
- 19.87%
- 6M
- 22.45%
- 1Y
- -25.77%
- 3Y*
- -10.07%
- 5Y*
- -15.54%
- 10Y*
- 14.76%
LPX
- 1D
- -0.78%
- 1M
- -6.39%
- YTD
- -12.58%
- 6M
- -16.54%
- 1Y
- -22.51%
- 3Y*
- 4.62%
- 5Y*
- 3.37%
- 10Y*
- 16.31%
TREX vs. LPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TREX Trex Company, Inc. | 19.87% | -49.18% | -16.62% | 95.58% | -68.65% | 61.29% | 86.29% | 51.42% | 9.53% | 68.31% |
LPX Louisiana-Pacific Corporation | -12.58% | -21.05% | 47.93% | 21.55% | -23.38% | 113.30% | 27.96% | 36.40% | -13.75% | 38.72% |
Correlation
The correlation between TREX and LPX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 1999 | 0.41 |
Over the past year, TREX and LPX have become more correlated (0.69) than their long-term average of 0.41, meaning their price movements have been converging.
Fundamentals
TREX:
$4.42B
LPX:
$4.90B
TREX:
$1.80
LPX:
$1.17
TREX:
23.41
LPX:
59.80
TREX:
3.80
LPX:
1.92
TREX:
4.44
LPX:
2.83
TREX:
$1.18B
LPX:
$2.56B
TREX:
$461.26M
LPX:
$507.00M
TREX:
$308.51M
LPX:
$247.00M
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Return for Risk
TREX vs. LPX — Risk / Return Rank
TREX
LPX
TREX vs. LPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trex Company, Inc. (TREX) and Louisiana-Pacific Corporation (LPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TREX | LPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.93 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.67 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.73 | -1.22 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TREX | LPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | -0.55 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.08 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.40 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.16 | +0.09 |
Drawdowns
TREX vs. LPX - Drawdown Comparison
The maximum TREX drawdown since its inception was -90.53%, smaller than the maximum LPX drawdown of -96.41%. Use the drawdown chart below to compare losses from any high point for TREX and LPX.
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Drawdown Indicators
| TREX | LPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.53% | -96.41% | +5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -56.01% | -33.83% | -22.18% |
Max Drawdown (3Y)Largest decline over 3 years | -69.90% | -43.14% | -26.76% |
Max Drawdown (5Y)Largest decline over 5 years | -78.58% | -43.14% | -35.44% |
Max Drawdown (10Y)Largest decline over 10 years | -78.58% | -59.45% | -19.13% |
Current DrawdownCurrent decline from peak | -70.11% | -40.57% | -29.54% |
Average DrawdownAverage peak-to-trough decline | -38.75% | -37.86% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.32% | 18.43% | +16.89% |
Volatility
TREX vs. LPX - Volatility Comparison
Trex Company, Inc. (TREX) and Louisiana-Pacific Corporation (LPX) have volatilities of 13.04% and 12.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TREX | LPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 12.83% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 31.48% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.31% | 41.38% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.13% | 39.93% | +7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.37% | 40.85% | +5.52% |
Dividends
TREX vs. LPX - Dividend Comparison
TREX has not paid dividends to shareholders, while LPX's dividend yield for the trailing twelve months is around 1.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LPX Louisiana-Pacific Corporation | 1.66% | 1.39% | 1.00% | 1.36% | 1.49% | 0.87% | 1.56% | 1.82% | 2.34% |
TREX Trex Company, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TREX vs. LPX - Financials Comparison
This section allows you to compare key financial metrics between Trex Company, Inc. and Louisiana-Pacific Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TREX vs. LPX - Profitability Comparison
TREX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported a gross profit of 139.02M and revenue of 343.40M. Therefore, the gross margin over that period was 40.5%.
LPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a gross profit of 115.00M and revenue of 574.00M. Therefore, the gross margin over that period was 20.0%.
TREX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported an operating income of 83.51M and revenue of 343.40M, resulting in an operating margin of 24.3%.
LPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported an operating income of 34.00M and revenue of 574.00M, resulting in an operating margin of 5.9%.
TREX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported a net income of 61.40M and revenue of 343.40M, resulting in a net margin of 17.9%.
LPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a net income of 27.00M and revenue of 574.00M, resulting in a net margin of 4.7%.
Frequently Asked Questions
TREX and LPX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TREX has higher volatility (13.04%) compared to LPX (12.83%). In terms of maximum drawdown, TREX dropped -90.53% vs LPX's -96.41%.
TREX currently has the higher Sharpe Ratio (-0.52 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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