ENSG vs IBP: Correlation
Measured on weekly returns over the past three years, The Ensign Group, Inc. (ENSG) and Installed Building Products, Inc. (IBP) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENSG and IBP?
Across a 3-year window, the weekly returns of ENSG and IBP correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 534.4 %².
In ENSG's tracked universe of 12 assets, IBP sits right near the top at #1. Over the last 12 months ENSG came out ahead by 10.2 percentage points (+0.9% against -9.3%). Risk is not evenly split, since IBP carries 1.9 times the volatility of the other side.
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.
ENSG vs IBP: side by side
| ENSG (The Ensign Group, Inc.) | IBP (Installed Building Products, Inc.) | |
|---|---|---|
| 1-year return | +0.9% | -9.3% |
| 5-year return | +115.6% | +107.4% |
| Volatility (ann.) | 23.8% | 45.9% |
| Beta vs S&P 500 | 0.22 | 1.13 |
| Max drawdown (3Y) | -31.8% | -42.7% |
| Market cap | $10.1B | $6.4B |
| P/E (trailing) | 28.4 | 26.5 |
| Dividend yield | 0.14% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENSG | IBP |
|---|---|---|
| 2022 | +13.0% | -37.3% |
| 2023 | +18.9% | +117.6% |
| 2024 | +18.6% | -2.9% |
| 2025 | +31.3% | +50.6% |
| 2026 | -0.3% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENSG and IBP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENSG and IBP?
The ENSG/IBP correlation stands at 0.49 on a 3-year window (1 year: 0.47, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is IBP a good diversifier for ENSG?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ensg-vs-ibp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ensg-vs-ibp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENSG correlations · IBP correlations
