COOK vs FND: Correlation
How closely do Traeger, Inc. (COOK) and Floor & Decor Holdings, Inc. (FND) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COOK and FND?
Across a 3-year window, the weekly returns of COOK and FND correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 1546.6 %².
Few assets follow COOK as closely as FND, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months COOK outperformed by 23.7 percentage points (-11.6% for COOK against -35.3% for FND). One caveat on sizing: COOK is 1.9 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.
COOK vs FND: side by side
| COOK (Traeger, Inc.) | FND (Floor & Decor Holdings, Inc.) | |
|---|---|---|
| 1-year return | -11.6% | -35.3% |
| 5-year return | -95.7% | -56.3% |
| Volatility (ann.) | 75.7% | 40.8% |
| Beta vs S&P 500 | 1.90 | 1.32 |
| Max drawdown (3Y) | -89.1% | -67.5% |
| Market cap | $0.2B | $5.7B |
| P/E (trailing) | – | 25.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COOK | FND |
|---|---|---|
| 2022 | -76.8% | -46.4% |
| 2023 | -3.2% | +60.2% |
| 2024 | -12.5% | -10.6% |
| 2025 | -54.8% | -38.9% |
| 2026 | +3.2% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COOK and FND good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COOK and FND?
The COOK/FND correlation stands at 0.50 on a 3-year window (1 year: 0.46, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is FND a good diversifier for COOK?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/cook-vs-fnd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cook-vs-fnd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COOK correlations · FND correlations
