AOS vs PHM: Correlation
Measured on weekly returns over the past three years, A. O. Smith (AOS) and PulteGroup (PHM) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and PHM?
Over the past 3 years, AOS and PHM moved with a correlation of 0.62, which is strong. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.62). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 472.2 %².
Within AOS's tracked universe of 33 assets, PHM comes in at #10 by 3-year correlation. On 12-month performance PHM holds a 10.1-point edge, -12.6% against -2.5%. On a rolling one-year basis the correlation drifted between 0.43 and 0.77, 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.
AOS vs PHM: side by side
| AOS (A. O. Smith) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -12.6% | -2.5% |
| 5-year return | -6.7% | +145.5% |
| Volatility (ann.) | 23.5% | 32.2% |
| Beta vs S&P 500 | 0.67 | 0.82 |
| Max drawdown (3Y) | -36.9% | -38.0% |
| Market cap | $8.4B | – |
| P/E (trailing) | 17.4 | 13.3 |
| Dividend yield | 2.27% | 0.77% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | AOS | PHM |
|---|---|---|
| 2022 | -32.1% | -19.2% |
| 2023 | +46.7% | +128.8% |
| 2024 | -15.9% | +6.2% |
| 2025 | +0.1% | +8.5% |
| 2026 | -5.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and PHM good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AOS and PHM?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.77 over the last year and 0.59 over 5 years.
Is PHM a good diversifier for AOS?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/aos-vs-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aos-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOS correlations · PHM correlations
