FND vs LEVI: Correlation
Measured on weekly returns over the past three years, Floor & Decor Holdings, Inc. (FND) and Levi Strauss & Co (LEVI) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and LEVI?
On 3 years of weekly data the FND/LEVI correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 761.9 %².
By 3-year correlation, LEVI places #10 of the 23 assets tracked against FND. The last year tells two different stories: LEVI led by 32.8 percentage points, -35.3% for FND against -2.5% for LEVI.
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 LEVI: side by side
| FND (Floor & Decor Holdings, Inc.) | LEVI (Levi Strauss & Co) | |
|---|---|---|
| 1-year return | -35.3% | -2.5% |
| 5-year return | -56.3% | -10.8% |
| Volatility (ann.) | 40.8% | 35.5% |
| Beta vs S&P 500 | 1.32 | 1.05 |
| Max drawdown (3Y) | -67.5% | -47.5% |
| Market cap | $5.7B | $8.1B |
| P/E (trailing) | 25.4 | 15.4 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FND | LEVI |
|---|---|---|
| 2022 | -46.4% | -36.5% |
| 2023 | +60.2% | +10.0% |
| 2024 | -10.6% | +7.5% |
| 2025 | -38.9% | +23.4% |
| 2026 | -12.4% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and LEVI good diversifiers for each other?
Only partially. A correlation of 0.53 means FND and LEVI 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 LEVI?
As of 2026-08-27, the correlation of weekly returns between FND and LEVI is 0.53 over 3 years, 0.58 over 1 year and 0.57 over 5 years.
Is LEVI a good diversifier for FND?
Only partially. A correlation of 0.53 means FND and LEVI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-levi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fnd-vs-levi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FND correlations · LEVI correlations
