BZH vs MTH: Correlation
Measured on weekly returns over the past three years, Beazer Homes USA, Inc. (BZH) and Meritage Homes Corporation (MTH) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and MTH?
On 3 years of weekly data the BZH/MTH correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 1336.3 %².
MTH is one of the assets that tracks BZH most closely: it ranks #2 out of the 12 assets we track against BZH. Their recent paths diverged sharply: over the last 12 months BZH outperformed by 37.8 percentage points (+30.8% for BZH against -7.0% for MTH).
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 MTH: side by side
| BZH (Beazer Homes USA, Inc.) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | +30.8% | -7.0% |
| 5-year return | +78.6% | +34.0% |
| Volatility (ann.) | 48.3% | 39.0% |
| Beta vs S&P 500 | 1.27 | 0.90 |
| Max drawdown (3Y) | -49.8% | -43.0% |
| Market cap | $0.9B | $4.6B |
| P/E (trailing) | – | 15.0 |
| Dividend yield | 0.00% | 2.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZH | MTH |
|---|---|---|
| 2022 | -45.0% | -24.5% |
| 2023 | +164.8% | +90.5% |
| 2024 | -18.7% | -10.2% |
| 2025 | -26.2% | -12.3% |
| 2026 | +63.9% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and MTH good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BZH and MTH?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.61 over the last year and 0.71 over 5 years.
Is MTH a good diversifier for BZH?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bzh-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BZH correlations · MTH correlations
