FBIN vs SWK: Correlation
Measured on weekly returns over the past three years, Fortune Brands Innovations, Inc. (FBIN) and Stanley Black & Decker (SWK) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and SWK?
On 3 years of weekly data the FBIN/SWK correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 961.0 %².
By 3-year correlation, SWK places #4 of the 20 assets tracked against FBIN. The last year tells two different stories: SWK led by 59.1 percentage points, -22.1% for FBIN against +37.0% for SWK.
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 SWK: side by side
| FBIN (Fortune Brands Innovations, Inc.) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | -22.1% | +37.0% |
| 5-year return | -42.9% | -39.1% |
| Volatility (ann.) | 38.8% | 35.4% |
| Beta vs S&P 500 | 1.29 | 1.19 |
| Max drawdown (3Y) | -61.9% | -48.3% |
| Market cap | $5.4B | $15.0B |
| P/E (trailing) | 37.4 | 24.4 |
| Dividend yield | 2.20% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FBIN | SWK |
|---|---|---|
| 2022 | -36.5% | -58.9% |
| 2023 | +35.2% | +35.6% |
| 2024 | -9.1% | -15.2% |
| 2025 | -25.4% | -3.2% |
| 2026 | -7.8% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and SWK 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 SWK?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.68 over the last year and 0.68 over 5 years.
Is SWK 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?
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-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fbin-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBIN correlations · SWK correlations
