DHI vs GRBK: Correlation
How closely do D. R. Horton (DHI) and Green Brick Partners, Inc. (GRBK) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and GRBK?
Over the past 3 years, DHI and GRBK moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 1052.3 %².
Among the 31 assets we track against DHI, GRBK ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GRBK ahead by 16.7 points (-12.2% versus +4.5%).
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 GRBK: side by side
| DHI (D. R. Horton) | GRBK (Green Brick Partners, Inc.) | |
|---|---|---|
| 1-year return | -12.2% | +4.5% |
| 5-year return | +59.2% | +186.8% |
| Volatility (ann.) | 33.5% | 37.3% |
| Beta vs S&P 500 | 0.79 | 1.07 |
| Max drawdown (3Y) | -41.3% | -36.1% |
| Market cap | $40.6B | $3.1B |
| P/E (trailing) | 14.2 | 11.1 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | GRBK |
|---|---|---|
| 2022 | -16.8% | -20.1% |
| 2023 | +72.1% | +114.4% |
| 2024 | -7.2% | +8.8% |
| 2025 | +4.2% | +10.9% |
| 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 GRBK good diversifiers for each other?
No. With a correlation of 0.84, DHI and GRBK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DHI and GRBK?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.89 over the last year and 0.78 over 5 years.
Is GRBK a good diversifier for DHI?
No. With a correlation of 0.84, DHI and GRBK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 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/dhi-vs-grbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhi-vs-grbk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHI correlations · GRBK correlations
