BZH vs MHO: Correlation
How closely do Beazer Homes USA, Inc. (BZH) and M/I Homes, Inc. (MHO) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and MHO?
Over the past 3 years, BZH and MHO moved with a correlation of 0.72, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.49 versus 0.72 over 3 years. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 1327.1 %².
In BZH's tracked universe of 12 assets, MHO sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months BZH outperformed by 27.4 percentage points (+30.8% for BZH against +3.4% for MHO).
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 MHO: side by side
| BZH (Beazer Homes USA, Inc.) | MHO (M/I Homes, Inc.) | |
|---|---|---|
| 1-year return | +30.8% | +3.4% |
| 5-year return | +78.6% | +131.4% |
| Volatility (ann.) | 48.3% | 38.2% |
| Beta vs S&P 500 | 1.27 | 0.92 |
| Max drawdown (3Y) | -49.8% | -40.6% |
| Market cap | $0.9B | $3.8B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZH | MHO |
|---|---|---|
| 2022 | -45.0% | -25.7% |
| 2023 | +164.8% | +198.3% |
| 2024 | -18.7% | -3.5% |
| 2025 | -26.2% | -3.8% |
| 2026 | +63.9% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and MHO good diversifiers for each other?
Only partially. A correlation of 0.72 means BZH and MHO 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 MHO?
As of 2026-08-27, the correlation of weekly returns between BZH and MHO is 0.72 over 3 years, 0.49 over 1 year and 0.74 over 5 years.
Is MHO a good diversifier for BZH?
Only partially. A correlation of 0.72 means BZH and MHO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bzh-vs-mho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bzh-vs-mho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZH correlations · MHO correlations
