BZH vs KBH: Correlation
Measured on weekly returns over the past three years, Beazer Homes USA, Inc. (BZH) and KB Home (KBH) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and KBH?
On 3 years of weekly data the BZH/KBH correlation comes out at 0.69, strong. The link has loosened recently: the 1-year correlation (0.55) runs below the 3-year figure (0.69). The 5-year figure is 0.67, and annualized covariance runs at 1190.6 %².
Within BZH's tracked universe of 12 assets, KBH comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BZH ahead by 42.9 points (+30.8% versus -12.1%).
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.
BZH vs KBH: side by side
| BZH (Beazer Homes USA, Inc.) | KBH (KB Home) | |
|---|---|---|
| 1-year return | +30.8% | -12.1% |
| 5-year return | +78.6% | +37.4% |
| Volatility (ann.) | 48.3% | 35.8% |
| Beta vs S&P 500 | 1.27 | 0.78 |
| Max drawdown (3Y) | -49.8% | -48.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 1.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZH | KBH |
|---|---|---|
| 2022 | -45.0% | -27.5% |
| 2023 | +164.8% | +99.0% |
| 2024 | -18.7% | +6.6% |
| 2025 | -26.2% | -12.7% |
| 2026 | +63.9% | -1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and KBH good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BZH and KBH?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.55 over the last year and 0.67 over 5 years.
Is KBH a good diversifier for BZH?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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.
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Related comparisons
Hubs: BZH correlations · KBH correlations
