FND vs MTD: Correlation
How closely do Floor & Decor Holdings, Inc. (FND) and Mettler Toledo (MTD) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and MTD?
Over the past 3 years, FND and MTD moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 718.3 %².
Within FND's tracked universe of 23 assets, MTD comes in at #8 by 3-year correlation. The last year tells two different stories: MTD led by 44.8 percentage points, -35.3% for FND against +9.5% for MTD.
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 MTD: side by side
| FND (Floor & Decor Holdings, Inc.) | MTD (Mettler Toledo) | |
|---|---|---|
| 1-year return | -35.3% | +9.5% |
| 5-year return | -56.3% | -11.4% |
| Volatility (ann.) | 40.8% | 31.4% |
| Beta vs S&P 500 | 1.32 | 1.00 |
| Max drawdown (3Y) | -67.5% | -36.6% |
| Market cap | $5.7B | $28.2B |
| P/E (trailing) | 25.4 | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FND | MTD |
|---|---|---|
| 2022 | -46.4% | -14.8% |
| 2023 | +60.2% | -16.1% |
| 2024 | -10.6% | +0.9% |
| 2025 | -38.9% | +13.9% |
| 2026 | -12.4% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and MTD good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FND and MTD?
As of 2026-08-27, the correlation of weekly returns between FND and MTD is 0.56 over 3 years, 0.52 over 1 year and 0.59 over 5 years.
Is MTD a good diversifier for FND?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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-mtd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnd-vs-mtd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FND correlations · MTD correlations
