BIRK vs FND: Correlation
Measured on weekly returns over the past three years, Birkenstock Holding plc (BIRK) and Floor & Decor Holdings, Inc. (FND) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRK and FND?
Across a 3-year window, the weekly returns of BIRK and FND correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.47 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 883.5 %².
Among the 15 assets we track against BIRK, FND ranks #5 by 3-year correlation. Neither side won the trailing year by much: -32.3% against -35.3%.
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.
BIRK vs FND: side by side
| BIRK (Birkenstock Holding plc) | FND (Floor & Decor Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.3% | -35.3% |
| 5-year return | n/a | -56.3% |
| Volatility (ann.) | 45.5% | 40.8% |
| Beta vs S&P 500 | 1.18 | 1.32 |
| Max drawdown (3Y) | -50.9% | -67.5% |
| Market cap | $5.8B | $5.7B |
| P/E (trailing) | 17.0 | 25.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIRK | FND |
|---|---|---|
| 2022 | – | -46.4% |
| 2023 | – | +60.2% |
| 2024 | +16.3% | -10.6% |
| 2025 | -27.8% | -38.9% |
| 2026 | -13.7% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRK and FND good diversifiers for each other?
Reasonably. At 0.47, BIRK and FND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BIRK and FND?
As of 2026-08-27, the correlation of weekly returns between BIRK and FND is 0.47 over 3 years, 0.57 over 1 year and n/a over 5 years.
Is FND a good diversifier for BIRK?
Reasonably. At 0.47, BIRK and FND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/birk-vs-fnd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/birk-vs-fnd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BIRK correlations · FND correlations
