FND vs SWIM: Correlation
How closely do Floor & Decor Holdings, Inc. (FND) and Latham Group, Inc. (SWIM) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and SWIM?
Over the past 3 years, FND and SWIM moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1616.3 %².
Among the 23 assets we track against FND, SWIM ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SWIM ahead by 20.2 points (-35.3% versus -15.1%). Note the risk asymmetry: SWIM runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SWIM: side by side
| FND (Floor & Decor Holdings, Inc.) | SWIM (Latham Group, Inc.) | |
|---|---|---|
| 1-year return | -35.3% | -15.1% |
| 5-year return | -56.3% | -68.5% |
| Volatility (ann.) | 40.8% | 72.5% |
| Beta vs S&P 500 | 1.32 | 1.70 |
| Max drawdown (3Y) | -67.5% | -44.5% |
| Market cap | $5.7B | $0.8B |
| P/E (trailing) | 25.4 | 139.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FND | SWIM |
|---|---|---|
| 2022 | -46.4% | -87.1% |
| 2023 | +60.2% | -18.3% |
| 2024 | -10.6% | +164.6% |
| 2025 | -38.9% | -8.8% |
| 2026 | -12.4% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and SWIM good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FND and SWIM?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.62 over the last year and 0.49 over 5 years.
Is SWIM a good diversifier for FND?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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-swim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnd-vs-swim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FND correlations · SWIM correlations
