FND vs IFF: Correlation
How closely do Floor & Decor Holdings, Inc. (FND) and International Flavors & Fragrances (IFF) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and IFF?
On 3 years of weekly data the FND/IFF correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 623.4 %².
Within FND's tracked universe of 23 assets, IFF comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IFF ahead by 68.5 points (-35.3% versus +33.2%).
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 IFF: side by side
| FND (Floor & Decor Holdings, Inc.) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | -35.3% | +33.2% |
| 5-year return | -56.3% | -34.3% |
| Volatility (ann.) | 40.8% | 29.5% |
| Beta vs S&P 500 | 1.32 | 0.69 |
| Max drawdown (3Y) | -67.5% | -42.6% |
| Market cap | $5.7B | $22.2B |
| P/E (trailing) | 25.4 | – |
| Dividend yield | 0.00% | 1.84% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | FND | IFF |
|---|---|---|
| 2022 | -46.4% | -28.3% |
| 2023 | +60.2% | -19.5% |
| 2024 | -10.6% | +6.3% |
| 2025 | -38.9% | -18.4% |
| 2026 | -12.4% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and IFF good diversifiers for each other?
Only partially. A correlation of 0.52 means FND and IFF 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 IFF?
The FND/IFF correlation stands at 0.52 on a 3-year window (1 year: 0.62, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is IFF a good diversifier for FND?
Only partially. A correlation of 0.52 means FND and IFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/fnd-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fnd-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FND correlations · IFF correlations
