DHI vs PHM: Correlation
How closely do D. R. Horton (DHI) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.91, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and PHM?
Over the past 3 years, DHI and PHM moved with a correlation of 0.91, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.91 over 3. Over 5 years the correlation is 0.90, and the annualized covariance of weekly returns is 980.4 %².
Few assets follow DHI as closely as PHM, which ranks #1 of 31 tracked partners. Over the last 12 months PHM came out ahead by 9.7 percentage points (-12.2% against -2.5%). Stability stands out here, with the rolling one-year correlation confined to 0.81 through 0.94.
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 PHM: side by side
| DHI (D. R. Horton) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -12.2% | -2.5% |
| 5-year return | +59.2% | +145.5% |
| Volatility (ann.) | 33.5% | 32.2% |
| Beta vs S&P 500 | 0.79 | 0.82 |
| Max drawdown (3Y) | -41.3% | -38.0% |
| Market cap | $40.6B | – |
| P/E (trailing) | 14.2 | 13.3 |
| Dividend yield | 1.17% | 0.77% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DHI | PHM |
|---|---|---|
| 2022 | -16.8% | -19.2% |
| 2023 | +72.1% | +128.8% |
| 2024 | -7.2% | +6.2% |
| 2025 | +4.2% | +8.5% |
| 2026 | +1.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and PHM good diversifiers for each other?
No: a correlation of 0.91 means DHI and PHM tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DHI and PHM?
The DHI/PHM correlation stands at 0.91 on a 3-year window (1 year: 0.91, 5 years: 0.90), computed from weekly returns as of 2026-08-27.
Is PHM a good diversifier for DHI?
No: a correlation of 0.91 means DHI and PHM tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.91 mean?
On the −1 to +1 scale, 0.91 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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dhi-vs-phm/)
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Related comparisons
Hubs: DHI correlations · PHM correlations
