BLDR vs QH: Correlation
Measured on weekly returns over the past three years, Builders FirstSource (BLDR) and Quhuo Limited - Class A (QH) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and QH?
Across a 3-year window, the weekly returns of BLDR and QH correlate at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.27 versus -0.16 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -9990.0 %².
Within BLDR's tracked universe of 48 assets, QH comes in at #39 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QH ahead by 44.5 points (-52.6% versus -8.1%). One caveat on sizing: QH is 29.8 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 QH: side by side
| BLDR (Builders FirstSource) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -52.6% | -8.1% |
| 5-year return | +25.8% | -100.0% |
| Volatility (ann.) | 45.6% | 1360.1% |
| Beta vs S&P 500 | 1.36 | 5.77 |
| Max drawdown (3Y) | -68.7% | -100.0% |
| Market cap | $7.2B | – |
| P/E (trailing) | 74.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | QH |
|---|---|---|
| 2022 | -24.3% | -98.9% |
| 2023 | +157.3% | +22.5% |
| 2024 | -14.4% | -0.7% |
| 2025 | -28.0% | -99.2% |
| 2026 | -34.7% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and QH good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BLDR and QH?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.27 over the last year and -0.12 over 5 years.
Is QH a good diversifier for BLDR?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bldr-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLDR correlations · QH correlations
