DHI vs MHO: Correlation
D. R. Horton (DHI) and M/I Homes, Inc. (MHO) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and MHO?
Across a 3-year window, the weekly returns of DHI and MHO correlate at 0.82, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 1050.6 %².
Within DHI's tracked universe of 31 assets, MHO comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MHO outperformed by 15.6 percentage points (-12.2% for DHI against +3.4% for MHO).
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 MHO: side by side
| DHI (D. R. Horton) | MHO (M/I Homes, Inc.) | |
|---|---|---|
| 1-year return | -12.2% | +3.4% |
| 5-year return | +59.2% | +131.4% |
| Volatility (ann.) | 33.5% | 38.2% |
| Beta vs S&P 500 | 0.79 | 0.92 |
| Max drawdown (3Y) | -41.3% | -40.6% |
| Market cap | $40.6B | $3.8B |
| P/E (trailing) | 14.2 | 12.8 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | MHO |
|---|---|---|
| 2022 | -16.8% | -25.7% |
| 2023 | +72.1% | +198.3% |
| 2024 | -7.2% | -3.5% |
| 2025 | +4.2% | -3.8% |
| 2026 | +1.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and MHO good diversifiers for each other?
No: a correlation of 0.82 means DHI and MHO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DHI and MHO?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.86 over the last year and 0.84 over 5 years.
Is MHO a good diversifier for DHI?
No: a correlation of 0.82 means DHI and MHO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dhi-vs-mho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhi-vs-mho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHI correlations · MHO correlations
