BALL vs PHM: Correlation
How closely do Ball Corporation (BALL) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and PHM?
Over the past 3 years, BALL and PHM moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 481.4 %².
Within BALL's tracked universe of 41 assets, PHM comes in at #5 by 3-year correlation. The last year tells two different stories: BALL led by 25.4 percentage points, +22.9% for BALL against -2.5% for PHM. The link looks structural: the rolling one-year correlation barely moved, holding between 0.40 and 0.62.
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 PHM: side by side
| BALL (Ball Corporation) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +22.9% | -2.5% |
| 5-year return | -29.3% | +145.5% |
| Volatility (ann.) | 26.9% | 32.2% |
| Beta vs S&P 500 | 0.43 | 0.82 |
| Max drawdown (3Y) | -35.6% | -38.0% |
| Market cap | $16.8B | – |
| P/E (trailing) | 18.4 | 13.3 |
| Dividend yield | 1.25% | 0.77% |
| Sector / category | Materials | Consumer Discretionary |
Year-by-year returns
| Year | BALL | PHM |
|---|---|---|
| 2022 | -46.2% | -19.2% |
| 2023 | +14.1% | +128.8% |
| 2024 | -3.0% | +6.2% |
| 2025 | -2.4% | +8.5% |
| 2026 | +20.4% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and PHM good diversifiers for each other?
To a limited degree. At 0.56 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 PHM?
The BALL/PHM correlation stands at 0.56 on a 3-year window (1 year: 0.53, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is PHM a good diversifier for BALL?
To a limited degree. At 0.56 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 0.56 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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ball-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BALL correlations · PHM correlations
