BLDR vs USO: Correlation
How closely do Builders FirstSource (BLDR) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and USO?
On 3 years of weekly data the BLDR/USO correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.23). The 5-year figure is -0.09, and annualized covariance runs at -409.3 %².
Among the 48 assets we track against BLDR, USO sits near the bottom by co-movement, at rank #44. Correlation aside, the last 12 months split them widely, with USO ahead by 126.7 points (-52.6% versus +74.1%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.44 and 0.15 over the past three years, so this pair behaves very differently depending on the market environment.
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 USO: side by side
| BLDR (Builders FirstSource) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -52.6% | +74.1% |
| 5-year return | +25.8% | +168.6% |
| Volatility (ann.) | 45.6% | 39.4% |
| Beta vs S&P 500 | 1.36 | -0.20 |
| Max drawdown (3Y) | -68.7% | -32.5% |
| Market cap | $7.2B | – |
| P/E (trailing) | 74.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Industrials | ETF · Commodities |
Year-by-year returns
| Year | BLDR | USO |
|---|---|---|
| 2022 | -24.3% | +29.0% |
| 2023 | +157.3% | -4.9% |
| 2024 | -14.4% | +13.4% |
| 2025 | -28.0% | -8.5% |
| 2026 | -34.7% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLDR and USO?
As of 2026-08-27, the correlation of weekly returns between BLDR and USO is -0.23 over 3 years, -0.43 over 1 year and -0.09 over 5 years.
Is USO a good diversifier for BLDR?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLDR correlations · USO correlations
