BHM vs PLOW: Correlation
Bluerock Homes Trust, Inc. (BHM) and Douglas Dynamics, Inc. (PLOW) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and PLOW?
On 3 years of weekly data the BHM/PLOW correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.16 over 3. The 5-year figure is -0.01, and annualized covariance runs at -217.4 %².
By 3-year correlation, PLOW places #11 of the 18 assets tracked against BHM. The last year tells two different stories: PLOW led by 62.7 percentage points, -34.5% for BHM against +28.2% for PLOW.
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.
BHM vs PLOW: side by side
| BHM (Bluerock Homes Trust, Inc.) | PLOW (Douglas Dynamics, Inc.) | |
|---|---|---|
| 1-year return | -34.5% | +28.2% |
| 5-year return | n/a | +30.5% |
| Volatility (ann.) | 41.3% | 32.7% |
| Beta vs S&P 500 | 0.13 | 0.55 |
| Max drawdown (3Y) | -54.9% | -29.6% |
| Market cap | $0.1B | $1.0B |
| P/E (trailing) | – | 18.9 |
| Dividend yield | 5.85% | 2.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHM | PLOW |
|---|---|---|
| 2022 | – | -4.0% |
| 2023 | -29.7% | -14.7% |
| 2024 | -5.1% | -16.5% |
| 2025 | -15.9% | +43.8% |
| 2026 | -19.4% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and PLOW good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BHM and PLOW?
As of 2026-08-27, the correlation of weekly returns between BHM and PLOW is -0.16 over 3 years, -0.17 over 1 year and -0.01 over 5 years.
Is PLOW a good diversifier for BHM?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BHM correlations · PLOW correlations
