DHI vs FOR: Correlation
How closely do D. R. Horton (DHI) and Forestar Group Inc (FOR) 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 DHI and FOR?
Across a 3-year window, the weekly returns of DHI and FOR correlate at 0.70, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 836.7 %².
Among the 31 assets we track against DHI, FOR ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FOR ahead by 15.5 points (-12.2% versus +3.3%).
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 FOR: side by side
| DHI (D. R. Horton) | FOR (Forestar Group Inc) | |
|---|---|---|
| 1-year return | -12.2% | +3.3% |
| 5-year return | +59.2% | +34.9% |
| Volatility (ann.) | 33.5% | 35.8% |
| Beta vs S&P 500 | 0.79 | 0.84 |
| Max drawdown (3Y) | -41.3% | -54.7% |
| Market cap | $40.6B | $1.5B |
| P/E (trailing) | 14.2 | 8.6 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | FOR |
|---|---|---|
| 2022 | -16.8% | -29.1% |
| 2023 | +72.1% | +114.6% |
| 2024 | -7.2% | -21.6% |
| 2025 | +4.2% | -5.0% |
| 2026 | +1.8% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and FOR good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DHI and FOR?
As of 2026-08-27, the correlation of weekly returns between DHI and FOR is 0.70 over 3 years, 0.79 over 1 year and 0.66 over 5 years.
Is FOR a good diversifier for DHI?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Related comparisons
Hubs: DHI correlations · FOR correlations
