BLDR vs CME: Correlation
Builders FirstSource (BLDR) and CME Group (CME) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and CME?
Across a 3-year window, the weekly returns of BLDR and CME correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.23 over 3 years. Stretching to 5 years gives -0.06, with an annualized covariance of -210.0 %².
Within BLDR's tracked universe of 48 assets, CME comes in at #43 by 3-year correlation. The last year tells two different stories: CME led by 60.7 percentage points, -52.6% for BLDR against +8.1% for CME. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.35 to 0.16. Note the risk asymmetry: BLDR runs 2.3 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.
BLDR vs CME: side by side
| BLDR (Builders FirstSource) | CME (CME Group) | |
|---|---|---|
| 1-year return | -52.6% | +8.1% |
| 5-year return | +25.8% | +73.9% |
| Volatility (ann.) | 45.6% | 20.0% |
| Beta vs S&P 500 | 1.36 | 0.12 |
| Max drawdown (3Y) | -68.7% | -31.1% |
| Market cap | $7.2B | $101.0B |
| P/E (trailing) | 74.7 | 23.8 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | BLDR | CME |
|---|---|---|
| 2022 | -24.3% | -22.9% |
| 2023 | +157.3% | +31.3% |
| 2024 | -14.4% | +15.4% |
| 2025 | -28.0% | +19.8% |
| 2026 | -34.7% | +5.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and CME good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BLDR and CME?
As of 2026-08-27, the correlation of weekly returns between BLDR and CME is -0.23 over 3 years, -0.35 over 1 year and -0.06 over 5 years.
Is CME a good diversifier for BLDR?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/bldr-vs-cme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-cme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLDR correlations · CME correlations
