BLDR vs NVR: Correlation
How closely do Builders FirstSource (BLDR) and NVR, Inc. (NVR) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and NVR?
Across a 3-year window, the weekly returns of BLDR and NVR correlate at 0.72, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 769.8 %².
Among the 48 assets we track against BLDR, NVR ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NVR ahead by 31.8 points (-52.6% versus -20.8%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.63 and 0.79. Note the risk asymmetry: BLDR runs 1.9 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 NVR: side by side
| BLDR (Builders FirstSource) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -52.6% | -20.8% |
| 5-year return | +25.8% | +24.2% |
| Volatility (ann.) | 45.6% | 23.4% |
| Beta vs S&P 500 | 1.36 | 0.53 |
| Max drawdown (3Y) | -68.7% | -43.9% |
| Market cap | $7.2B | $17.0B |
| P/E (trailing) | 74.7 | 16.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | BLDR | NVR |
|---|---|---|
| 2022 | -24.3% | -21.9% |
| 2023 | +157.3% | +51.8% |
| 2024 | -14.4% | +16.8% |
| 2025 | -28.0% | -10.8% |
| 2026 | -34.7% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and NVR good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLDR and NVR?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.68 over the last year and 0.71 over 5 years.
Is NVR a good diversifier for BLDR?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bldr-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLDR correlations · NVR correlations
