FND vs HD: Correlation
How closely do Floor & Decor Holdings, Inc. (FND) and Home Depot (The) (HD) 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 FND and HD?
Across a 3-year window, the weekly returns of FND and HD correlate at 0.70, strong. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.70 over 3 years. Stretching to 5 years gives 0.72, with an annualized covariance of 679.4 %².
In FND's tracked universe of 23 assets, HD sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months HD outperformed by 17.9 percentage points (-35.3% for FND against -17.4% for HD). Risk is not evenly split, since FND carries 1.7 times the volatility of the other side.
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.
FND vs HD: side by side
| FND (Floor & Decor Holdings, Inc.) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -35.3% | -17.4% |
| 5-year return | -56.3% | +13.8% |
| Volatility (ann.) | 40.8% | 23.6% |
| Beta vs S&P 500 | 1.32 | 0.87 |
| Max drawdown (3Y) | -67.5% | -28.8% |
| Market cap | $5.7B | $327.9B |
| P/E (trailing) | 25.4 | 23.4 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FND | HD |
|---|---|---|
| 2022 | -46.4% | -22.0% |
| 2023 | +60.2% | +12.8% |
| 2024 | -10.6% | +15.0% |
| 2025 | -38.9% | -9.3% |
| 2026 | -12.4% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and HD good diversifiers for each other?
Only partially. A correlation of 0.70 means FND and HD 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 FND and HD?
As of 2026-08-27, the correlation of weekly returns between FND and HD is 0.70 over 3 years, 0.80 over 1 year and 0.72 over 5 years.
Is HD a good diversifier for FND?
Only partially. A correlation of 0.70 means FND and HD 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?
A reading of 0.70 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/fnd-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnd-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FND correlations · HD correlations
