BLDR vs HD: Correlation
Builders FirstSource (BLDR) and Home Depot (The) (HD) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and HD?
On 3 years of weekly data the BLDR/HD correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 755.2 %².
Within BLDR's tracked universe of 48 assets, HD comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HD ahead by 35.2 points (-52.6% versus -17.4%). The rolling one-year correlation stayed in a tight band between 0.55 and 0.76 over the past three years, which points to a structural rather than episodic relationship. One caveat on sizing: BLDR is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HD: side by side
| BLDR (Builders FirstSource) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -52.6% | -17.4% |
| 5-year return | +25.8% | +13.8% |
| Volatility (ann.) | 45.6% | 23.6% |
| Beta vs S&P 500 | 1.36 | 0.87 |
| Max drawdown (3Y) | -68.7% | -28.8% |
| Market cap | $7.2B | $327.9B |
| P/E (trailing) | 74.7 | 23.4 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | BLDR | HD |
|---|---|---|
| 2022 | -24.3% | -22.0% |
| 2023 | +157.3% | +12.8% |
| 2024 | -14.4% | +15.0% |
| 2025 | -28.0% | -9.3% |
| 2026 | -34.7% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and HD good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLDR and HD?
As of 2026-08-27, the correlation of weekly returns between BLDR and HD is 0.70 over 3 years, 0.72 over 1 year and 0.63 over 5 years.
Is HD a good diversifier for BLDR?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLDR correlations · HD correlations
