BLDR vs TREE: Correlation
How closely do Builders FirstSource (BLDR) and LendingTree, Inc. (TREE) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and TREE?
Across a 3-year window, the weekly returns of BLDR and TREE correlate at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.58 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 2029.8 %².
Within BLDR's tracked universe of 48 assets, TREE comes in at #28 by 3-year correlation. Over the last 12 months BLDR came out ahead by 5.6 percentage points (-52.6% against -58.2%). Note the risk asymmetry: TREE runs 1.7 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 TREE: side by side
| BLDR (Builders FirstSource) | TREE (LendingTree, Inc.) | |
|---|---|---|
| 1-year return | -52.6% | -58.2% |
| 5-year return | +25.8% | -83.0% |
| Volatility (ann.) | 45.6% | 76.1% |
| Beta vs S&P 500 | 1.36 | 1.99 |
| Max drawdown (3Y) | -68.7% | -63.0% |
| Market cap | $7.2B | $0.4B |
| P/E (trailing) | 74.7 | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | TREE |
|---|---|---|
| 2022 | -24.3% | -82.6% |
| 2023 | +157.3% | +42.1% |
| 2024 | -14.4% | +27.8% |
| 2025 | -28.0% | +37.0% |
| 2026 | -34.7% | -46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and TREE good diversifiers for each other?
Only partially. A correlation of 0.58 means BLDR and TREE 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 TREE?
As of 2026-08-27, the correlation of weekly returns between BLDR and TREE is 0.58 over 3 years, 0.44 over 1 year and 0.44 over 5 years.
Is TREE a good diversifier for BLDR?
Only partially. A correlation of 0.58 means BLDR and TREE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-tree.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-tree/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLDR correlations · TREE correlations
