DHI vs HD: Correlation
Measured on weekly returns over the past three years, D. R. Horton (DHI) and Home Depot (The) (HD) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and HD?
Over the past 3 years, DHI and HD moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 531.4 %².
Among the 31 assets we track against DHI, HD ranks #16 by 3-year correlation. On 12-month performance DHI holds a 5.2-point edge, -12.2% against -17.4%. The rolling one-year correlation moved between 0.50 and 0.76 over the past three years, a moderate range.
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 HD: side by side
| DHI (D. R. Horton) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -12.2% | -17.4% |
| 5-year return | +59.2% | +13.8% |
| Volatility (ann.) | 33.5% | 23.6% |
| Beta vs S&P 500 | 0.79 | 0.87 |
| Max drawdown (3Y) | -41.3% | -28.8% |
| Market cap | $40.6B | $327.9B |
| P/E (trailing) | 14.2 | 23.4 |
| Dividend yield | 1.17% | 1.38% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DHI | HD |
|---|---|---|
| 2022 | -16.8% | -22.0% |
| 2023 | +72.1% | +12.8% |
| 2024 | -7.2% | +15.0% |
| 2025 | +4.2% | -9.3% |
| 2026 | +1.8% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and HD good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DHI and HD?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.68 over the last year and 0.65 over 5 years.
Is HD a good diversifier for DHI?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 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-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhi-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHI correlations · HD correlations
