BLDR vs HBB: Correlation
Builders FirstSource (BLDR) and Hamilton Beach Brands Holding Company (HBB) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and HBB?
Over the past 3 years, BLDR and HBB moved with a correlation of 0.47, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.47 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1176.6 %².
Within BLDR's tracked universe of 48 assets, HBB comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HBB ahead by 184.1 points (-52.6% versus +131.5%).
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 HBB: side by side
| BLDR (Builders FirstSource) | HBB (Hamilton Beach Brands Holding Company) | |
|---|---|---|
| 1-year return | -52.6% | +131.5% |
| 5-year return | +25.8% | +119.7% |
| Volatility (ann.) | 45.6% | 55.5% |
| Beta vs S&P 500 | 1.36 | 0.87 |
| Max drawdown (3Y) | -68.7% | -57.7% |
| Market cap | $7.2B | $0.4B |
| P/E (trailing) | 74.7 | 7.6 |
| Dividend yield | 0.00% | 1.50% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | HBB |
|---|---|---|
| 2022 | -24.3% | -10.9% |
| 2023 | +157.3% | +46.4% |
| 2024 | -14.4% | -1.6% |
| 2025 | -28.0% | +0.5% |
| 2026 | -34.7% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and HBB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLDR and HBB?
The BLDR/HBB correlation stands at 0.47 on a 3-year window (1 year: 0.60, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is HBB a good diversifier for BLDR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/bldr-vs-hbb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bldr-vs-hbb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLDR correlations · HBB correlations
