AVY vs FND: Correlation
Avery Dennison (AVY) and Floor & Decor Holdings, Inc. (FND) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and FND?
Across a 3-year window, the weekly returns of AVY and FND correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 476.9 %².
Among the 38 assets we track against AVY, FND ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVY outperformed by 40.6 percentage points (+5.3% for AVY against -35.3% for FND). Note the risk asymmetry: FND runs 2.0 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.
AVY vs FND: side by side
| AVY (Avery Dennison) | FND (Floor & Decor Holdings, Inc.) | |
|---|---|---|
| 1-year return | +5.3% | -35.3% |
| 5-year return | -14.0% | -56.3% |
| Volatility (ann.) | 20.2% | 40.8% |
| Beta vs S&P 500 | 0.61 | 1.32 |
| Max drawdown (3Y) | -30.6% | -67.5% |
| Market cap | $13.5B | $5.7B |
| P/E (trailing) | 20.0 | 25.4 |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AVY | FND |
|---|---|---|
| 2022 | -15.1% | -46.4% |
| 2023 | +13.7% | +60.2% |
| 2024 | -5.9% | -10.6% |
| 2025 | -0.7% | -38.9% |
| 2026 | -0.8% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and FND good diversifiers for each other?
To a limited degree. At 0.58 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 AVY and FND?
The AVY/FND correlation stands at 0.58 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is FND a good diversifier for AVY?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/avy-vs-fnd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avy-vs-fnd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVY correlations · FND correlations
