BLDR vs MTH: Correlation
Builders FirstSource (BLDR) and Meritage Homes Corporation (MTH) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and MTH?
Over the past 3 years, BLDR and MTH moved with a correlation of 0.73, which is strong. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 1307.9 %².
Among the 48 assets we track against BLDR, MTH ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MTH ahead by 45.6 points (-52.6% 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.
BLDR vs MTH: side by side
| BLDR (Builders FirstSource) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | -52.6% | -7.0% |
| 5-year return | +25.8% | +34.0% |
| Volatility (ann.) | 45.6% | 39.0% |
| Beta vs S&P 500 | 1.36 | 0.90 |
| Max drawdown (3Y) | -68.7% | -43.0% |
| Market cap | $7.2B | $4.6B |
| P/E (trailing) | 74.7 | 15.0 |
| Dividend yield | 0.00% | 2.52% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | MTH |
|---|---|---|
| 2022 | -24.3% | -24.5% |
| 2023 | +157.3% | +90.5% |
| 2024 | -14.4% | -10.2% |
| 2025 | -28.0% | -12.3% |
| 2026 | -34.7% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and MTH good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLDR and MTH?
The BLDR/MTH correlation stands at 0.73 on a 3-year window (1 year: 0.79, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is MTH a good diversifier for BLDR?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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/bldr-vs-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bldr-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLDR correlations · MTH correlations
