BALL vs MTH: Correlation
Measured on weekly returns over the past three years, Ball Corporation (BALL) and Meritage Homes Corporation (MTH) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and MTH?
Over the past 3 years, BALL and MTH moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 566.0 %².
By 3-year correlation, MTH places #12 of the 41 assets tracked against BALL. Their recent paths diverged sharply: over the last 12 months BALL outperformed by 29.9 percentage points (+22.9% for BALL against -7.0% for MTH).
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.
BALL vs MTH: side by side
| BALL (Ball Corporation) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | +22.9% | -7.0% |
| 5-year return | -29.3% | +34.0% |
| Volatility (ann.) | 26.9% | 39.0% |
| Beta vs S&P 500 | 0.43 | 0.90 |
| Max drawdown (3Y) | -35.6% | -43.0% |
| Market cap | $16.8B | $4.6B |
| P/E (trailing) | 18.4 | 15.0 |
| Dividend yield | 1.25% | 2.52% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | MTH |
|---|---|---|
| 2022 | -46.2% | -24.5% |
| 2023 | +14.1% | +90.5% |
| 2024 | -3.0% | -10.2% |
| 2025 | -2.4% | -12.3% |
| 2026 | +20.4% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and MTH good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BALL and MTH?
The BALL/MTH correlation stands at 0.54 on a 3-year window (1 year: 0.58, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is MTH a good diversifier for BALL?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/ball-vs-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ball-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · MTH correlations
