CME vs DHI: Correlation
Measured on weekly returns over the past three years, CME Group (CME) and D. R. Horton (DHI) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and DHI?
Across a 3-year window, the weekly returns of CME and DHI correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.00, with an annualized covariance of -133.4 %².
Among the 47 assets we track against CME, DHI ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CME ahead by 20.3 points (+8.1% versus -12.2%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.31 to 0.19. One caveat on sizing: DHI is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CME vs DHI: side by side
| CME (CME Group) | DHI (D. R. Horton) | |
|---|---|---|
| 1-year return | +8.1% | -12.2% |
| 5-year return | +73.9% | +59.2% |
| Volatility (ann.) | 20.0% | 33.5% |
| Beta vs S&P 500 | 0.12 | 0.79 |
| Max drawdown (3Y) | -31.1% | -41.3% |
| Market cap | $101.0B | $40.6B |
| P/E (trailing) | 23.8 | 14.2 |
| Dividend yield | 1.82% | 1.17% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | CME | DHI |
|---|---|---|
| 2022 | -22.9% | -16.8% |
| 2023 | +31.3% | +72.1% |
| 2024 | +15.4% | -7.2% |
| 2025 | +19.8% | +4.2% |
| 2026 | +5.9% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and DHI good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and DHI?
The CME/DHI correlation stands at -0.20 on a 3-year window (1 year: -0.30, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is DHI a good diversifier for CME?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/cme-vs-dhi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cme-vs-dhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · DHI correlations
