FIX vs LMB: Correlation
Measured on weekly returns over the past three years, Comfort Systems USA (FIX) and Limbach Holdings, Inc. (LMB) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIX and LMB?
On 3 years of weekly data the FIX/LMB correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.48 over 3. The 5-year figure is 0.35, and annualized covariance runs at 1385.3 %².
By 3-year correlation, LMB places #24 of the 37 assets tracked against FIX. Correlation aside, the last 12 months split them widely, with FIX ahead by 194.9 points (+128.0% versus -66.9%).
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.
FIX vs LMB: side by side
| FIX (Comfort Systems USA) | LMB (Limbach Holdings, Inc.) | |
|---|---|---|
| 1-year return | +128.0% | -66.9% |
| 5-year return | +2077.9% | +417.7% |
| Volatility (ann.) | 47.4% | 60.8% |
| Beta vs S&P 500 | 1.74 | 1.22 |
| Max drawdown (3Y) | -46.0% | -72.1% |
| Market cap | $56.8B | $0.5B |
| P/E (trailing) | 39.8 | 16.6 |
| Dividend yield | 0.16% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FIX | LMB |
|---|---|---|
| 2022 | +17.0% | +15.7% |
| 2023 | +79.6% | +336.8% |
| 2024 | +106.9% | +88.1% |
| 2025 | +120.9% | -9.0% |
| 2026 | +73.3% | -46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX and LMB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIX and LMB?
The FIX/LMB correlation stands at 0.48 on a 3-year window (1 year: 0.38, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is LMB a good diversifier for FIX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fix-vs-lmb.json
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Related comparisons
Hubs: FIX correlations · LMB correlations
