FND vs IP: Correlation
Measured on weekly returns over the past three years, Floor & Decor Holdings, Inc. (FND) and International Paper (IP) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and IP?
Over the past 3 years, FND and IP moved with a correlation of 0.52, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.52 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 805.8 %².
By 3-year correlation, IP places #12 of the 23 assets tracked against FND. The last year tells two different stories: IP led by 21.8 percentage points, -35.3% for FND against -13.5% for IP.
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 IP: side by side
| FND (Floor & Decor Holdings, Inc.) | IP (International Paper) | |
|---|---|---|
| 1-year return | -35.3% | -13.5% |
| 5-year return | -56.3% | -11.2% |
| Volatility (ann.) | 40.8% | 37.8% |
| Beta vs S&P 500 | 1.32 | 0.77 |
| Max drawdown (3Y) | -67.5% | -48.6% |
| Market cap | $5.7B | $21.1B |
| P/E (trailing) | 25.4 | – |
| Dividend yield | 0.00% | 4.47% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | FND | IP |
|---|---|---|
| 2022 | -46.4% | -23.0% |
| 2023 | +60.2% | +10.2% |
| 2024 | -10.6% | +55.3% |
| 2025 | -38.9% | -23.8% |
| 2026 | -12.4% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and IP good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FND and IP?
The FND/IP correlation stands at 0.52 on a 3-year window (1 year: 0.63, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is IP a good diversifier for FND?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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-ip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnd-vs-ip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FND correlations · IP correlations
