FBIN vs FND: Correlation
How closely do Fortune Brands Innovations, Inc. (FBIN) and Floor & Decor Holdings, Inc. (FND) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and FND?
On 3 years of weekly data the FBIN/FND correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 1061.0 %².
Among the 20 assets we track against FBIN, FND ranks #6 by 3-year correlation. Over the last 12 months FBIN came out ahead by 13.2 percentage points (-22.1% against -35.3%).
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.
FBIN vs FND: side by side
| FBIN (Fortune Brands Innovations, Inc.) | FND (Floor & Decor Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -35.3% |
| 5-year return | -42.9% | -56.3% |
| Volatility (ann.) | 38.8% | 40.8% |
| Beta vs S&P 500 | 1.29 | 1.32 |
| Max drawdown (3Y) | -61.9% | -67.5% |
| Market cap | $5.4B | $5.7B |
| P/E (trailing) | 37.4 | 25.4 |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | FND |
|---|---|---|
| 2022 | -36.5% | -46.4% |
| 2023 | +35.2% | +60.2% |
| 2024 | -9.1% | -10.6% |
| 2025 | -25.4% | -38.9% |
| 2026 | -7.8% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and FND good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FBIN and FND?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.66 over the last year and 0.66 over 5 years.
Is FND a good diversifier for FBIN?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 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/fbin-vs-fnd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbin-vs-fnd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBIN correlations · FND correlations
