FND vs LPX: Correlation
Floor & Decor Holdings, Inc. (FND) and Louisiana-Pacific Corporation (LPX) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and LPX?
Across a 3-year window, the weekly returns of FND and LPX correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 996.4 %².
Within FND's tracked universe of 23 assets, LPX comes in at #4 by 3-year correlation. On 12-month performance LPX holds a 10.0-point edge, -35.3% against -25.3%.
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 LPX: side by side
| FND (Floor & Decor Holdings, Inc.) | LPX (Louisiana-Pacific Corporation) | |
|---|---|---|
| 1-year return | -35.3% | -25.3% |
| 5-year return | -56.3% | +15.9% |
| Volatility (ann.) | 40.8% | 37.4% |
| Beta vs S&P 500 | 1.32 | 1.15 |
| Max drawdown (3Y) | -67.5% | -43.1% |
| Market cap | $5.7B | $4.9B |
| P/E (trailing) | 25.4 | 93.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FND | LPX |
|---|---|---|
| 2022 | -46.4% | -23.4% |
| 2023 | +60.2% | +21.5% |
| 2024 | -10.6% | +47.9% |
| 2025 | -38.9% | -21.0% |
| 2026 | -12.4% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and LPX good diversifiers for each other?
To a limited degree. At 0.65 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 LPX?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.68 over the last year and 0.58 over 5 years.
Is LPX a good diversifier for FND?
To a limited degree. At 0.65 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 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fnd-vs-lpx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnd-vs-lpx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FND correlations · LPX correlations
