BLDR vs LPX: Correlation
Builders FirstSource (BLDR) and Louisiana-Pacific Corporation (LPX) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and LPX?
On 3 years of weekly data the BLDR/LPX correlation comes out at 0.68, strong. Lately the two have moved closer together, with the 1-year correlation at 0.81 versus 0.68 over 3 years. The 5-year figure is 0.70, and annualized covariance runs at 1160.6 %².
Within BLDR's tracked universe of 48 assets, LPX comes in at #22 by 3-year correlation. The last year tells two different stories: LPX led by 27.3 percentage points, -52.6% for BLDR against -25.3% for LPX.
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 LPX: side by side
| BLDR (Builders FirstSource) | LPX (Louisiana-Pacific Corporation) | |
|---|---|---|
| 1-year return | -52.6% | -25.3% |
| 5-year return | +25.8% | +15.9% |
| Volatility (ann.) | 45.6% | 37.4% |
| Beta vs S&P 500 | 1.36 | 1.15 |
| Max drawdown (3Y) | -68.7% | -43.1% |
| Market cap | $7.2B | $4.9B |
| P/E (trailing) | 74.7 | 93.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | LPX |
|---|---|---|
| 2022 | -24.3% | -23.4% |
| 2023 | +157.3% | +21.5% |
| 2024 | -14.4% | +47.9% |
| 2025 | -28.0% | -21.0% |
| 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 LPX good diversifiers for each other?
Only partially. A correlation of 0.68 means BLDR and LPX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BLDR and LPX?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.81 over the last year and 0.70 over 5 years.
Is LPX a good diversifier for BLDR?
Only partially. A correlation of 0.68 means BLDR and LPX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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-lpx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-lpx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLDR correlations · LPX correlations
