FBIN vs HD: Correlation
How closely do Fortune Brands Innovations, Inc. (FBIN) and Home Depot (The) (HD) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and HD?
On 3 years of weekly data the FBIN/HD correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 637.5 %².
Few assets follow FBIN as closely as HD, which ranks #2 of 20 tracked partners. Twelve-month performance is nearly a tie, at -22.1% for FBIN and -17.4% for HD. One caveat on sizing: FBIN is 1.6 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.
FBIN vs HD: side by side
| FBIN (Fortune Brands Innovations, Inc.) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -22.1% | -17.4% |
| 5-year return | -42.9% | +13.8% |
| Volatility (ann.) | 38.8% | 23.6% |
| Beta vs S&P 500 | 1.29 | 0.87 |
| Max drawdown (3Y) | -61.9% | -28.8% |
| Market cap | $5.4B | $327.9B |
| P/E (trailing) | 37.4 | 23.4 |
| Dividend yield | 2.20% | 1.38% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FBIN | HD |
|---|---|---|
| 2022 | -36.5% | -22.0% |
| 2023 | +35.2% | +12.8% |
| 2024 | -9.1% | +15.0% |
| 2025 | -25.4% | -9.3% |
| 2026 | -7.8% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and HD good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FBIN and HD?
As of 2026-08-27, the correlation of weekly returns between FBIN and HD is 0.70 over 3 years, 0.69 over 1 year and 0.70 over 5 years.
Is HD a good diversifier for FBIN?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/fbin-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbin-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBIN correlations · HD correlations
