DHI vs EQNR: Correlation
Measured on weekly returns over the past three years, D. R. Horton (DHI) and Equinor ASA (EQNR) 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 DHI and EQNR?
On 3 years of weekly data the DHI/EQNR correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.20). The 5-year figure is -0.09, and annualized covariance runs at -227.3 %².
Among the 31 assets we track against DHI, EQNR ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 89.4 percentage points (-12.2% for DHI against +77.2% for EQNR).
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.
DHI vs EQNR: side by side
| DHI (D. R. Horton) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | -12.2% | +77.2% |
| 5-year return | +59.2% | +180.6% |
| Volatility (ann.) | 33.5% | 33.2% |
| Beta vs S&P 500 | 0.79 | -0.25 |
| Max drawdown (3Y) | -41.3% | -27.6% |
| Market cap | $40.6B | $98.6B |
| P/E (trailing) | 14.2 | 11.2 |
| Dividend yield | 1.17% | 3.73% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | EQNR |
|---|---|---|
| 2022 | -16.8% | +42.8% |
| 2023 | +72.1% | -0.8% |
| 2024 | -7.2% | -16.0% |
| 2025 | +4.2% | +6.1% |
| 2026 | +1.8% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and EQNR good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between DHI and EQNR?
The DHI/EQNR correlation stands at -0.20 on a 3-year window (1 year: -0.38, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is EQNR a good diversifier for DHI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/dhi-vs-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhi-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHI correlations · EQNR correlations
