ALLE vs PHM: Correlation
Measured on weekly returns over the past three years, Allegion (ALLE) and PulteGroup (PHM) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and PHM?
Across a 3-year window, the weekly returns of ALLE and PHM correlate at 0.61, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 476.6 %².
Within ALLE's tracked universe of 33 assets, PHM comes in at #11 by 3-year correlation. Twelve-month performance is nearly a tie, at -6.4% for ALLE and -2.5% for PHM. On a rolling one-year basis the correlation drifted between 0.37 and 0.76, a moderate band.
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.
ALLE vs PHM: side by side
| ALLE (Allegion) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -6.4% | -2.5% |
| 5-year return | +19.4% | +145.5% |
| Volatility (ann.) | 24.3% | 32.2% |
| Beta vs S&P 500 | 0.60 | 0.82 |
| Max drawdown (3Y) | -29.8% | -38.0% |
| Market cap | $13.6B | – |
| P/E (trailing) | 21.0 | 13.3 |
| Dividend yield | 1.32% | 0.77% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | ALLE | PHM |
|---|---|---|
| 2022 | -19.3% | -19.2% |
| 2023 | +22.3% | +128.8% |
| 2024 | +4.7% | +6.2% |
| 2025 | +22.8% | +8.5% |
| 2026 | +1.1% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and PHM good diversifiers for each other?
Only partially. A correlation of 0.61 means ALLE and PHM 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 ALLE and PHM?
The ALLE/PHM correlation stands at 0.61 on a 3-year window (1 year: 0.57, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is PHM a good diversifier for ALLE?
Only partially. A correlation of 0.61 means ALLE and PHM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/alle-vs-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alle-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · PHM correlations
