CME vs PHM: Correlation
CME Group (CME) and PulteGroup (PHM) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and PHM?
Across a 3-year window, the weekly returns of CME and PHM correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.33) than the 3-year average (-0.21). Stretching to 5 years gives 0.00, with an annualized covariance of -137.7 %².
Within CME's tracked universe of 47 assets, PHM comes in at #30 by 3-year correlation. Over the last 12 months CME came out ahead by 10.6 percentage points (+8.1% against -2.5%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.34 and 0.25 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since PHM carries 1.6 times the volatility of the other side.
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 PHM: side by side
| CME (CME Group) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +8.1% | -2.5% |
| 5-year return | +73.9% | +145.5% |
| Volatility (ann.) | 20.0% | 32.2% |
| Beta vs S&P 500 | 0.12 | 0.82 |
| Max drawdown (3Y) | -31.1% | -38.0% |
| Market cap | $101.0B | – |
| P/E (trailing) | 23.8 | 13.3 |
| Dividend yield | 1.82% | 0.77% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | CME | PHM |
|---|---|---|
| 2022 | -22.9% | -19.2% |
| 2023 | +31.3% | +128.8% |
| 2024 | +15.4% | +6.2% |
| 2025 | +19.8% | +8.5% |
| 2026 | +5.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and PHM good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and PHM?
As of 2026-08-27, the correlation of weekly returns between CME and PHM is -0.21 over 3 years, -0.33 over 1 year and 0.00 over 5 years.
Is PHM a good diversifier for CME?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cme-vs-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cme-vs-phm/)
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Related comparisons
Hubs: CME correlations · PHM correlations
