BLDR vs JELD: Correlation
How closely do Builders FirstSource (BLDR) and JELD-WEN Holding, Inc. (JELD) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and JELD?
On 3 years of weekly data the BLDR/JELD correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.46) than the 3-year average (0.56). The 5-year figure is 0.56, and annualized covariance runs at 2050.0 %².
Within BLDR's tracked universe of 48 assets, JELD comes in at #30 by 3-year correlation. The trailing year gives BLDR the advantage: -52.6% versus -63.7%, a 11.1-point spread. One caveat on sizing: JELD is 1.8 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 JELD: side by side
| BLDR (Builders FirstSource) | JELD (JELD-WEN Holding, Inc.) | |
|---|---|---|
| 1-year return | -52.6% | -63.7% |
| 5-year return | +25.8% | -92.5% |
| Volatility (ann.) | 45.6% | 80.7% |
| Beta vs S&P 500 | 1.36 | 2.01 |
| Max drawdown (3Y) | -68.7% | -95.5% |
| Market cap | $7.2B | $0.2B |
| P/E (trailing) | 74.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | JELD |
|---|---|---|
| 2022 | -24.3% | -63.4% |
| 2023 | +157.3% | +95.6% |
| 2024 | -14.4% | -56.6% |
| 2025 | -28.0% | -70.0% |
| 2026 | -34.7% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and JELD good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BLDR and JELD?
The BLDR/JELD correlation stands at 0.56 on a 3-year window (1 year: 0.46, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is JELD a good diversifier for BLDR?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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-jeld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-jeld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLDR correlations · JELD correlations
