AMH vs INVH: Correlation
Measured on weekly returns over the past three years, American Homes 4 Rent (AMH) and Invitation Homes (INVH) carry a correlation of 0.90, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and INVH?
Across a 3-year window, the weekly returns of AMH and INVH correlate at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.90 lands near the 3-year figure. Stretching to 5 years gives 0.90, with an annualized covariance of 401.6 %².
Few assets follow AMH as closely as INVH, which ranks #1 of 12 tracked partners. Twelve-month performance is nearly a tie, at -2.1% for AMH and -1.9% for INVH.
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.
AMH vs INVH: side by side
| AMH (American Homes 4 Rent) | INVH (Invitation Homes) | |
|---|---|---|
| 1-year return | -2.1% | -1.9% |
| 5-year return | -8.5% | -16.8% |
| Volatility (ann.) | 21.1% | 21.2% |
| Beta vs S&P 500 | 0.43 | 0.50 |
| Max drawdown (3Y) | -29.7% | -30.9% |
| Market cap | – | $17.4B |
| P/E (trailing) | 27.2 | 27.3 |
| Dividend yield | 3.69% | 3.98% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AMH | INVH |
|---|---|---|
| 2022 | -29.5% | -33.0% |
| 2023 | +22.4% | +19.7% |
| 2024 | +7.0% | -3.1% |
| 2025 | -11.1% | -9.7% |
| 2026 | +6.4% | +7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and INVH good diversifiers for each other?
No: a correlation of 0.90 means AMH and INVH tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AMH and INVH?
The AMH/INVH correlation stands at 0.90 on a 3-year window (1 year: 0.90, 5 years: 0.90), computed from weekly returns as of 2026-08-27.
Is INVH a good diversifier for AMH?
No: a correlation of 0.90 means AMH and INVH tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.90 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amh-vs-invh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amh-vs-invh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMH correlations · INVH correlations
