BZH vs PHM: Correlation
How closely do Beazer Homes USA, Inc. (BZH) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and PHM?
Across a 3-year window, the weekly returns of BZH and PHM correlate at 0.70, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.70). Stretching to 5 years gives 0.72, with an annualized covariance of 1092.3 %².
In BZH's tracked universe of 12 assets, PHM sits right near the top at #3. Correlation aside, the last 12 months split them widely, with BZH ahead by 33.3 points (+30.8% versus -2.5%).
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 PHM: side by side
| BZH (Beazer Homes USA, Inc.) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +30.8% | -2.5% |
| 5-year return | +78.6% | +145.5% |
| Volatility (ann.) | 48.3% | 32.2% |
| Beta vs S&P 500 | 1.27 | 0.82 |
| Max drawdown (3Y) | -49.8% | -38.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 13.3 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BZH | PHM |
|---|---|---|
| 2022 | -45.0% | -19.2% |
| 2023 | +164.8% | +128.8% |
| 2024 | -18.7% | +6.2% |
| 2025 | -26.2% | +8.5% |
| 2026 | +63.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and PHM good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BZH and PHM?
As of 2026-08-27, the correlation of weekly returns between BZH and PHM is 0.70 over 3 years, 0.58 over 1 year and 0.72 over 5 years.
Is PHM a good diversifier for BZH?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bzh-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZH correlations · PHM correlations
