ALLE vs BLDR: Correlation
How closely do Allegion (ALLE) and Builders FirstSource (BLDR) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and BLDR?
On 3 years of weekly data the ALLE/BLDR correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 635.0 %².
Among the 33 assets we track against ALLE, BLDR ranks #18 by 3-year correlation. The last year tells two different stories: ALLE led by 46.2 percentage points, -6.4% for ALLE against -52.6% for BLDR. The rolling one-year correlation moved between 0.39 and 0.70 over the past three years, a moderate range. Note the risk asymmetry: BLDR runs 1.9 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.
ALLE vs BLDR: side by side
| ALLE (Allegion) | BLDR (Builders FirstSource) | |
|---|---|---|
| 1-year return | -6.4% | -52.6% |
| 5-year return | +19.4% | +25.8% |
| Volatility (ann.) | 24.3% | 45.6% |
| Beta vs S&P 500 | 0.60 | 1.36 |
| Max drawdown (3Y) | -29.8% | -68.7% |
| Market cap | $13.6B | $7.2B |
| P/E (trailing) | 21.0 | 74.7 |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ALLE | BLDR |
|---|---|---|
| 2022 | -19.3% | -24.3% |
| 2023 | +22.3% | +157.3% |
| 2024 | +4.7% | -14.4% |
| 2025 | +22.8% | -28.0% |
| 2026 | +1.1% | -34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and BLDR good diversifiers for each other?
Only partially. A correlation of 0.57 means ALLE and BLDR 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 ALLE and BLDR?
As of 2026-08-27, the correlation of weekly returns between ALLE and BLDR is 0.57 over 3 years, 0.51 over 1 year and 0.55 over 5 years.
Is BLDR a good diversifier for ALLE?
Only partially. A correlation of 0.57 means ALLE and BLDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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/alle-vs-bldr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alle-vs-bldr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · BLDR correlations
