BLDR vs LOW: Correlation
How closely do Builders FirstSource (BLDR) and Lowe's (LOW) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and LOW?
Over the past 3 years, BLDR and LOW moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 771.5 %².
Within BLDR's tracked universe of 48 assets, LOW comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LOW ahead by 34.2 points (-52.6% versus -18.4%). On a rolling one-year basis the correlation drifted between 0.48 and 0.76, a moderate band. Note the risk asymmetry: BLDR runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 LOW: side by side
| BLDR (Builders FirstSource) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | -52.6% | -18.4% |
| 5-year return | +25.8% | +11.1% |
| Volatility (ann.) | 45.6% | 24.8% |
| Beta vs S&P 500 | 1.36 | 0.83 |
| Max drawdown (3Y) | -68.7% | -29.0% |
| Market cap | $7.2B | – |
| P/E (trailing) | 74.7 | 17.8 |
| Dividend yield | 0.00% | 2.31% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | BLDR | LOW |
|---|---|---|
| 2022 | -24.3% | -21.5% |
| 2023 | +157.3% | +14.0% |
| 2024 | -14.4% | +13.0% |
| 2025 | -28.0% | -0.3% |
| 2026 | -34.7% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and LOW good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLDR and LOW?
As of 2026-08-27, the correlation of weekly returns between BLDR and LOW is 0.68 over 3 years, 0.68 over 1 year and 0.64 over 5 years.
Is LOW a good diversifier for BLDR?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BLDR correlations · LOW correlations
