IBP vs SMRT: Correlation
Measured on weekly returns over the past three years, Installed Building Products, Inc. (IBP) and SmartRent, Inc. (SMRT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBP and SMRT?
Over the past 3 years, IBP and SMRT moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1503.1 %².
Among the 17 assets we track against IBP, SMRT ranks #9 by 3-year correlation. Neither side won the trailing year by much: -9.3% against -7.5%.
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.
IBP vs SMRT: side by side
| IBP (Installed Building Products, Inc.) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | -9.3% | -7.5% |
| 5-year return | +107.4% | -89.1% |
| Volatility (ann.) | 45.9% | 66.0% |
| Beta vs S&P 500 | 1.13 | 1.68 |
| Max drawdown (3Y) | -42.7% | -79.4% |
| Market cap | $6.4B | $0.3B |
| P/E (trailing) | 26.5 | – |
| Dividend yield | 0.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBP | SMRT |
|---|---|---|
| 2022 | -37.3% | -74.9% |
| 2023 | +117.6% | +31.3% |
| 2024 | -2.9% | -45.1% |
| 2025 | +50.6% | +15.4% |
| 2026 | -6.2% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBP and SMRT good diversifiers for each other?
Only partially. A correlation of 0.50 means IBP and SMRT 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 IBP and SMRT?
As of 2026-08-27, the correlation of weekly returns between IBP and SMRT is 0.50 over 3 years, 0.41 over 1 year and 0.46 over 5 years.
Is SMRT a good diversifier for IBP?
Only partially. A correlation of 0.50 means IBP and SMRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ibp-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibp-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBP correlations · SMRT correlations
