BZH vs LEN: Correlation
How closely do Beazer Homes USA, Inc. (BZH) and Lennar (LEN) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and LEN?
Across a 3-year window, the weekly returns of BZH and LEN correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 1091.1 %².
By 3-year correlation, LEN places #5 of the 12 assets tracked against BZH. Correlation aside, the last 12 months split them widely, with BZH ahead by 65.7 points (+30.8% versus -34.9%).
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 LEN: side by side
| BZH (Beazer Homes USA, Inc.) | LEN (Lennar) | |
|---|---|---|
| 1-year return | +30.8% | -34.9% |
| 5-year return | +78.6% | -11.7% |
| Volatility (ann.) | 48.3% | 32.6% |
| Beta vs S&P 500 | 1.27 | 0.84 |
| Max drawdown (3Y) | -49.8% | -54.5% |
| Market cap | $0.9B | $20.5B |
| P/E (trailing) | – | 13.7 |
| Dividend yield | 0.00% | 2.29% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BZH | LEN |
|---|---|---|
| 2022 | -45.0% | -20.6% |
| 2023 | +164.8% | +66.9% |
| 2024 | -18.7% | -7.3% |
| 2025 | -26.2% | -20.8% |
| 2026 | +63.9% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and LEN good diversifiers for each other?
Only partially. A correlation of 0.69 means BZH and LEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BZH and LEN?
As of 2026-08-27, the correlation of weekly returns between BZH and LEN is 0.69 over 3 years, 0.63 over 1 year and 0.69 over 5 years.
Is LEN a good diversifier for BZH?
Only partially. A correlation of 0.69 means BZH and LEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bzh-vs-len.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bzh-vs-len/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZH correlations · LEN correlations
