COMP vs HOV: Correlation
Measured on weekly returns over the past three years, Compass, Inc. (COMP) and Hovnanian Enterprises, Inc. (HOV) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COMP and HOV?
Over the past 3 years, COMP and HOV moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 2377.5 %².
Few assets follow COMP as closely as HOV, which ranks #2 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months COMP outperformed by 28.9 percentage points (+19.6% for COMP against -9.3% for HOV).
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.
COMP vs HOV: side by side
| COMP (Compass, Inc.) | HOV (Hovnanian Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +19.6% | -9.3% |
| 5-year return | -33.6% | +19.3% |
| Volatility (ann.) | 61.9% | 67.9% |
| Beta vs S&P 500 | 1.54 | 1.58 |
| Max drawdown (3Y) | -50.8% | -63.1% |
| Market cap | $8.5B | $0.7B |
| P/E (trailing) | 185.0 | 123.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COMP | HOV |
|---|---|---|
| 2022 | -74.4% | -66.9% |
| 2023 | +61.4% | +269.8% |
| 2024 | +55.6% | -14.0% |
| 2025 | +80.7% | -27.1% |
| 2026 | +5.0% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COMP and HOV good diversifiers for each other?
Only partially. A correlation of 0.57 means COMP and HOV 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 COMP and HOV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is HOV a good diversifier for COMP?
Only partially. A correlation of 0.57 means COMP and HOV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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/comp-vs-hov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/comp-vs-hov/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COMP correlations · HOV correlations
