BLDR vs HLMN: Correlation
Measured on weekly returns over the past three years, Builders FirstSource (BLDR) and Hillman Solutions Corp. (HLMN) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and HLMN?
Across a 3-year window, the weekly returns of BLDR and HLMN correlate at 0.66, strong. The link has tightened recently: the 1-year correlation (0.78) runs above the 3-year figure (0.66). Stretching to 5 years gives 0.52, with an annualized covariance of 1096.6 %².
Within BLDR's tracked universe of 48 assets, HLMN comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HLMN outperformed by 31.3 percentage points (-52.6% for BLDR against -21.3% for HLMN).
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 HLMN: side by side
| BLDR (Builders FirstSource) | HLMN (Hillman Solutions Corp.) | |
|---|---|---|
| 1-year return | -52.6% | -21.3% |
| 5-year return | +25.8% | -33.4% |
| Volatility (ann.) | 45.6% | 36.7% |
| Beta vs S&P 500 | 1.36 | 1.01 |
| Max drawdown (3Y) | -68.7% | -42.3% |
| Market cap | $7.2B | $1.5B |
| P/E (trailing) | 74.7 | 39.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | HLMN |
|---|---|---|
| 2022 | -24.3% | -32.9% |
| 2023 | +157.3% | +27.7% |
| 2024 | -14.4% | +5.8% |
| 2025 | -28.0% | -11.1% |
| 2026 | -34.7% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and HLMN good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLDR and HLMN?
As of 2026-08-27, the correlation of weekly returns between BLDR and HLMN is 0.66 over 3 years, 0.78 over 1 year and 0.52 over 5 years.
Is HLMN a good diversifier for BLDR?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bldr-vs-hlmn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bldr-vs-hlmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLDR correlations · HLMN correlations
