DHI vs MTH: Correlation
D. R. Horton (DHI) and Meritage Homes Corporation (MTH) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and MTH?
Across a 3-year window, the weekly returns of DHI and MTH correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.86, with an annualized covariance of 1098.6 %².
Within DHI's tracked universe of 31 assets, MTH comes in at #6 by 3-year correlation. The trailing year gives MTH the advantage: -12.2% versus -7.0%, a 5.2-point spread.
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 MTH: side by side
| DHI (D. R. Horton) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | -12.2% | -7.0% |
| 5-year return | +59.2% | +34.0% |
| Volatility (ann.) | 33.5% | 39.0% |
| Beta vs S&P 500 | 0.79 | 0.90 |
| Max drawdown (3Y) | -41.3% | -43.0% |
| Market cap | $40.6B | $4.6B |
| P/E (trailing) | 14.2 | 15.0 |
| Dividend yield | 1.17% | 2.52% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | MTH |
|---|---|---|
| 2022 | -16.8% | -24.5% |
| 2023 | +72.1% | +90.5% |
| 2024 | -7.2% | -10.2% |
| 2025 | +4.2% | -12.3% |
| 2026 | +1.8% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and MTH good diversifiers for each other?
No: a correlation of 0.84 means DHI and MTH tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DHI and MTH?
As of 2026-08-27, the correlation of weekly returns between DHI and MTH is 0.84 over 3 years, 0.89 over 1 year and 0.86 over 5 years.
Is MTH a good diversifier for DHI?
No: a correlation of 0.84 means DHI and MTH tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dhi-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHI correlations · MTH correlations
