BP vs DHI: Correlation
Measured on weekly returns over the past three years, BP p.l.c. (BP) and D. R. Horton (DHI) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and DHI?
Over the past 3 years, BP and DHI moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.18). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -161.3 %².
By 3-year correlation, DHI places #12 of the 26 assets tracked against BP. The last year tells two different stories: BP led by 39.8 percentage points, +27.6% for BP against -12.2% for DHI.
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.
BP vs DHI: side by side
| BP (BP p.l.c.) | DHI (D. R. Horton) | |
|---|---|---|
| 1-year return | +27.6% | -12.2% |
| 5-year return | +119.9% | +59.2% |
| Volatility (ann.) | 26.6% | 33.5% |
| Beta vs S&P 500 | 0.06 | 0.79 |
| Max drawdown (3Y) | -30.6% | -41.3% |
| Market cap | $109.0B | $40.6B |
| P/E (trailing) | 20.3 | 14.2 |
| Dividend yield | 0.79% | 1.17% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BP | DHI |
|---|---|---|
| 2022 | +37.0% | -16.8% |
| 2023 | +6.0% | +72.1% |
| 2024 | -11.8% | -7.2% |
| 2025 | +24.5% | +4.2% |
| 2026 | +26.4% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and DHI good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between BP and DHI?
The BP/DHI correlation stands at -0.18 on a 3-year window (1 year: -0.37, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is DHI a good diversifier for BP?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/bp-vs-dhi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bp-vs-dhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BP correlations · DHI correlations
