FND vs USO: Correlation
Floor & Decor Holdings, Inc. (FND) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and USO?
Over the past 3 years, FND and USO moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.56 versus -0.30 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -479.7 %².
Among the 23 assets we track against FND, USO sits near the bottom by co-movement, at rank #21. The last year tells two different stories: USO led by 109.4 percentage points, -35.3% for FND against +74.1% for USO.
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 USO: side by side
| FND (Floor & Decor Holdings, Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -35.3% | +74.1% |
| 5-year return | -56.3% | +168.6% |
| Volatility (ann.) | 40.8% | 39.4% |
| Beta vs S&P 500 | 1.32 | -0.20 |
| Max drawdown (3Y) | -67.5% | -32.5% |
| Market cap | $5.7B | – |
| P/E (trailing) | 25.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | FND | USO |
|---|---|---|
| 2022 | -46.4% | +29.0% |
| 2023 | +60.2% | -4.9% |
| 2024 | -10.6% | +13.4% |
| 2025 | -38.9% | -8.5% |
| 2026 | -12.4% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and USO good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FND and USO?
As of 2026-08-27, the correlation of weekly returns between FND and USO is -0.30 over 3 years, -0.56 over 1 year and -0.20 over 5 years.
Is USO a good diversifier for FND?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnd-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FND correlations · USO correlations
