FBIN vs MBC: Correlation
How closely do Fortune Brands Innovations, Inc. (FBIN) and MasterBrand, Inc. (MBC) 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 MBC?
On 3 years of weekly data the FBIN/MBC correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 1181.1 %².
Few assets follow FBIN as closely as MBC, which ranks #3 of 20 tracked partners. Over the last 12 months FBIN came out ahead by 11.7 percentage points (-22.1% against -33.8%).
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 MBC: side by side
| FBIN (Fortune Brands Innovations, Inc.) | MBC (MasterBrand, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -33.8% |
| 5-year return | -42.9% | n/a |
| Volatility (ann.) | 38.8% | 43.7% |
| Beta vs S&P 500 | 1.29 | 1.16 |
| Max drawdown (3Y) | -61.9% | -64.7% |
| Market cap | $5.4B | $1.8B |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | MBC |
|---|---|---|
| 2022 | -36.5% | – |
| 2023 | +35.2% | +96.7% |
| 2024 | -9.1% | -1.6% |
| 2025 | -25.4% | -24.4% |
| 2026 | -7.8% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and MBC good diversifiers for each other?
Only partially. A correlation of 0.70 means FBIN and MBC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FBIN and MBC?
The FBIN/MBC correlation stands at 0.70 on a 3-year window (1 year: 0.69, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is MBC a good diversifier for FBIN?
Only partially. A correlation of 0.70 means FBIN and MBC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 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-mbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbin-vs-mbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBIN correlations · MBC correlations
