BLDR vs IBP: Correlation
Builders FirstSource (BLDR) and Installed Building Products, Inc. (IBP) 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 IBP?
Across a 3-year window, the weekly returns of BLDR and IBP correlate at 0.70, strong. The link has loosened recently: the 1-year correlation (0.55) runs below the 3-year figure (0.70). Stretching to 5 years gives 0.69, with an annualized covariance of 1464.5 %².
Within BLDR's tracked universe of 48 assets, IBP comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBP outperformed by 43.3 percentage points (-52.6% for BLDR against -9.3% for IBP).
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 IBP: side by side
| BLDR (Builders FirstSource) | IBP (Installed Building Products, Inc.) | |
|---|---|---|
| 1-year return | -52.6% | -9.3% |
| 5-year return | +25.8% | +107.4% |
| Volatility (ann.) | 45.6% | 45.9% |
| Beta vs S&P 500 | 1.36 | 1.13 |
| Max drawdown (3Y) | -68.7% | -42.7% |
| Market cap | $7.2B | $6.4B |
| P/E (trailing) | 74.7 | 26.5 |
| Dividend yield | 0.00% | 0.62% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | IBP |
|---|---|---|
| 2022 | -24.3% | -37.3% |
| 2023 | +157.3% | +117.6% |
| 2024 | -14.4% | -2.9% |
| 2025 | -28.0% | +50.6% |
| 2026 | -34.7% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and IBP 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 IBP?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.55 over the last year and 0.69 over 5 years.
Is IBP 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-ibp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bldr-vs-ibp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLDR correlations · IBP correlations
