FERG vs IBP: Correlation
How closely do Ferguson Enterprises (FERG) and Installed Building Products, Inc. (IBP) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and IBP?
Over the past 3 years, FERG and IBP moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 794.1 %².
Among the 35 assets we track against FERG, IBP ranks #7 by 3-year correlation. On 12-month performance FERG holds a 10.4-point edge, +1.1% against -9.3%. One caveat on sizing: IBP is 1.5 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.
FERG vs IBP: side by side
| FERG (Ferguson Enterprises) | IBP (Installed Building Products, Inc.) | |
|---|---|---|
| 1-year return | +1.1% | -9.3% |
| 5-year return | +82.2% | +107.4% |
| Volatility (ann.) | 30.0% | 45.9% |
| Beta vs S&P 500 | 0.99 | 1.13 |
| Max drawdown (3Y) | -32.9% | -42.7% |
| Market cap | $45.1B | $6.4B |
| P/E (trailing) | 23.0 | 26.5 |
| Dividend yield | 1.80% | 0.62% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FERG | IBP |
|---|---|---|
| 2022 | -27.2% | -37.3% |
| 2023 | +55.1% | +117.6% |
| 2024 | -8.6% | -2.9% |
| 2025 | +29.9% | +50.6% |
| 2026 | +6.4% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and IBP good diversifiers for each other?
Only partially. A correlation of 0.58 means FERG and IBP 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 FERG and IBP?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.57 over the last year and 0.56 over 5 years.
Is IBP a good diversifier for FERG?
Only partially. A correlation of 0.58 means FERG and IBP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/ferg-vs-ibp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ferg-vs-ibp/)
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Related comparisons
Hubs: FERG correlations · IBP correlations
