Which stocks are most correlated with BLDR?

Based on one year of daily returns, the stocks most correlated with Builders FirstSource, Inc. (BLDR) are ITB (0.85), NAIL (0.85) and XHB (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BLDR?

Over the past year, the stocks most inversely correlated with Builders FirstSource, Inc. (BLDR) are SBB (-0.61), JETD (-0.60) and SMDD (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

Builders FirstSource, Inc. (BLDR) — Stock Correlations & Overview

Over the past year, BLDR has moved most closely with ITB, NAIL, XHB. Explore the stocks most correlated and inversely correlated with BLDR below, along with its price, financials, and company profile.

Stocks correlated with BLDR

Correlation of daily returns. Higher positive values move with BLDR; negative values move opposite it. Informational only, not investment advice.

Most correlated with BLDR

Symbol	Company	Correlation
ITB	iShares U.S. Home Construction ETF	0.85
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.85
XHB	State Street SPDR S&P Homebuilders ETF	0.85
HOMZ	Hoya Capital Housing ETF	0.81
BCC	Boise Cascade CompanyWHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS	0.80

Most inversely correlated with BLDR

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.61
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.60
SMDD	ProShares UltraPro Short MidCap400	-0.60
MYY	ProShares Short MidCap400	-0.60
MZZ	ProShares UltraShort MidCap400	-0.60

Frequently asked questions about BLDR correlations

Which stocks are most correlated with BLDR?: Based on one year of daily returns, the stocks most correlated with Builders FirstSource, Inc. (BLDR) are ITB (0.85), NAIL (0.85) and XHB (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BLDR?: Over the past year, the stocks most inversely correlated with Builders FirstSource, Inc. (BLDR) are SBB (-0.61), JETD (-0.60) and SMDD (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BLDR correlations calculated?: We compute the correlation of daily returns between BLDR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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