BLDR vs EQNR: Correlation
Builders FirstSource (BLDR) and Equinor ASA (EQNR) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and EQNR?
Over the past 3 years, BLDR and EQNR moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.27 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -408.8 %².
Among the 48 assets we track against BLDR, EQNR sits near the bottom by co-movement, at rank #46. The last year tells two different stories: EQNR led by 129.8 percentage points, -52.6% for BLDR against +77.2% for EQNR.
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 EQNR: side by side
| BLDR (Builders FirstSource) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | -52.6% | +77.2% |
| 5-year return | +25.8% | +180.6% |
| Volatility (ann.) | 45.6% | 33.2% |
| Beta vs S&P 500 | 1.36 | -0.25 |
| Max drawdown (3Y) | -68.7% | -27.6% |
| Market cap | $7.2B | $98.6B |
| P/E (trailing) | 74.7 | 11.2 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | EQNR |
|---|---|---|
| 2022 | -24.3% | +42.8% |
| 2023 | +157.3% | -0.8% |
| 2024 | -14.4% | -16.0% |
| 2025 | -28.0% | +6.1% |
| 2026 | -34.7% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and EQNR good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLDR and EQNR?
As of 2026-08-27, the correlation of weekly returns between BLDR and EQNR is -0.27 over 3 years, -0.51 over 1 year and -0.10 over 5 years.
Is EQNR a good diversifier for BLDR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLDR correlations · EQNR correlations
