HLMN vs IBP: Correlation
Measured on weekly returns over the past three years, Hillman Solutions Corp. (HLMN) and Installed Building Products, Inc. (IBP) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLMN and IBP?
Over the past 3 years, HLMN and IBP moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1102.7 %².
By 3-year correlation, IBP places #4 of the 19 assets tracked against HLMN. On 12-month performance IBP holds a 12.0-point edge, -21.3% against -9.3%.
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.
HLMN vs IBP: side by side
| HLMN (Hillman Solutions Corp.) | IBP (Installed Building Products, Inc.) | |
|---|---|---|
| 1-year return | -21.3% | -9.3% |
| 5-year return | -33.4% | +107.4% |
| Volatility (ann.) | 36.7% | 45.9% |
| Beta vs S&P 500 | 1.01 | 1.13 |
| Max drawdown (3Y) | -42.3% | -42.7% |
| Market cap | $1.5B | $6.4B |
| P/E (trailing) | 39.2 | 26.5 |
| Dividend yield | 0.00% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLMN | IBP |
|---|---|---|
| 2022 | -32.9% | -37.3% |
| 2023 | +27.7% | +117.6% |
| 2024 | +5.8% | -2.9% |
| 2025 | -11.1% | +50.6% |
| 2026 | -9.4% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLMN and IBP good diversifiers for each other?
Only partially. A correlation of 0.65 means HLMN and IBP 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 HLMN and IBP?
As of 2026-08-27, the correlation of weekly returns between HLMN and IBP is 0.65 over 3 years, 0.58 over 1 year and 0.59 over 5 years.
Is IBP a good diversifier for HLMN?
Only partially. A correlation of 0.65 means HLMN and IBP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/hlmn-vs-ibp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hlmn-vs-ibp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLMN correlations · IBP correlations
