DHI vs NVR: Correlation
Measured on weekly returns over the past three years, D. R. Horton (DHI) and NVR, Inc. (NVR) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and NVR?
On 3 years of weekly data the DHI/NVR correlation comes out at 0.78, strong. The past 12 months show a weaker link (0.66) than the 3-year average (0.78). The 5-year figure is 0.81, and annualized covariance runs at 609.4 %².
By 3-year correlation, NVR places #8 of the 31 assets tracked against DHI. Over the last 12 months DHI came out ahead by 8.6 percentage points (-12.2% against -20.8%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.66 and 0.90.
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 NVR: side by side
| DHI (D. R. Horton) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -12.2% | -20.8% |
| 5-year return | +59.2% | +24.2% |
| Volatility (ann.) | 33.5% | 23.4% |
| Beta vs S&P 500 | 0.79 | 0.53 |
| Max drawdown (3Y) | -41.3% | -43.9% |
| Market cap | $40.6B | $17.0B |
| P/E (trailing) | 14.2 | 16.6 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DHI | NVR |
|---|---|---|
| 2022 | -16.8% | -21.9% |
| 2023 | +72.1% | +51.8% |
| 2024 | -7.2% | +16.8% |
| 2025 | +4.2% | -10.8% |
| 2026 | +1.8% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and NVR good diversifiers for each other?
Only partially. A correlation of 0.78 means DHI and NVR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DHI and NVR?
As of 2026-08-27, the correlation of weekly returns between DHI and NVR is 0.78 over 3 years, 0.66 over 1 year and 0.81 over 5 years.
Is NVR a good diversifier for DHI?
Only partially. A correlation of 0.78 means DHI and NVR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 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-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhi-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHI correlations · NVR correlations
