FBIN vs UA: Correlation
How closely do Fortune Brands Innovations, Inc. (FBIN) and Under Armour, Inc. (UA) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and UA?
Across a 3-year window, the weekly returns of FBIN and UA correlate at 0.51, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.51). Stretching to 5 years gives 0.50, with an annualized covariance of 917.0 %².
Among the 20 assets we track against FBIN, UA ranks #12 by 3-year correlation. The last year tells two different stories: UA led by 22.3 percentage points, -22.1% for FBIN against +0.2% for UA.
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 UA: side by side
| FBIN (Fortune Brands Innovations, Inc.) | UA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | +0.2% |
| 5-year return | -42.9% | -76.2% |
| Volatility (ann.) | 38.8% | 46.7% |
| Beta vs S&P 500 | 1.29 | 0.99 |
| Max drawdown (3Y) | -61.9% | -60.2% |
| Market cap | $5.4B | $2.1B |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | UA |
|---|---|---|
| 2022 | -36.5% | -50.6% |
| 2023 | +35.2% | -6.4% |
| 2024 | -9.1% | -10.7% |
| 2025 | -25.4% | -35.7% |
| 2026 | -7.8% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and UA good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FBIN and UA?
The FBIN/UA correlation stands at 0.51 on a 3-year window (1 year: 0.62, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is UA a good diversifier for FBIN?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FBIN correlations · UA correlations
