BBCP vs MTH: Correlation
Measured on weekly returns over the past three years, Concrete Pumping Holdings, Inc. (BBCP) and Meritage Homes Corporation (MTH) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBCP and MTH?
On 3 years of weekly data the BBCP/MTH correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 806.8 %².
MTH is one of the assets that tracks BBCP most closely: it ranks #1 out of the 10 assets we track against BBCP. Correlation aside, the last 12 months split them widely, with BBCP ahead by 39.3 points (+32.3% versus -7.0%).
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.
BBCP vs MTH: side by side
| BBCP (Concrete Pumping Holdings, Inc.) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | +32.3% | -7.0% |
| 5-year return | +27.3% | +34.0% |
| Volatility (ann.) | 45.9% | 39.0% |
| Beta vs S&P 500 | 0.71 | 0.90 |
| Max drawdown (3Y) | -43.2% | -43.0% |
| Market cap | $0.5B | $4.6B |
| P/E (trailing) | 67.4 | 15.0 |
| Dividend yield | 0.00% | 2.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBCP | MTH |
|---|---|---|
| 2022 | -28.7% | -24.5% |
| 2023 | +40.2% | +90.5% |
| 2024 | -18.8% | -10.2% |
| 2025 | +13.7% | -12.3% |
| 2026 | +40.5% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBCP and MTH good diversifiers for each other?
Reasonably. At 0.45, BBCP and MTH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBCP and MTH?
As of 2026-08-27, the correlation of weekly returns between BBCP and MTH is 0.45 over 3 years, 0.49 over 1 year and 0.39 over 5 years.
Is MTH a good diversifier for BBCP?
Reasonably. At 0.45, BBCP and MTH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbcp-vs-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbcp-vs-mth/)
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Related comparisons
Hubs: BBCP correlations · MTH correlations
