DHI vs ZBH: Correlation
How closely do D. R. Horton (DHI) and Zimmer Biomet (ZBH) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and ZBH?
On 3 years of weekly data the DHI/ZBH correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 404.3 %².
Among the 31 assets we track against DHI, ZBH ranks #18 by 3-year correlation. Over the last 12 months ZBH came out ahead by 6.3 percentage points (-12.2% against -5.9%). The rolling one-year correlation moved between 0.36 and 0.66 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 ZBH: side by side
| DHI (D. R. Horton) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | -12.2% | -5.9% |
| 5-year return | +59.2% | -28.6% |
| Volatility (ann.) | 33.5% | 24.9% |
| Beta vs S&P 500 | 0.79 | 0.51 |
| Max drawdown (3Y) | -41.3% | -38.8% |
| Market cap | $40.6B | $19.0B |
| P/E (trailing) | 14.2 | 24.6 |
| Dividend yield | 1.17% | 0.95% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | DHI | ZBH |
|---|---|---|
| 2022 | -16.8% | +4.2% |
| 2023 | +72.1% | -3.8% |
| 2024 | -7.2% | -12.5% |
| 2025 | +4.2% | -14.0% |
| 2026 | +1.8% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and ZBH good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DHI and ZBH?
As of 2026-08-27, the correlation of weekly returns between DHI and ZBH is 0.48 over 3 years, 0.53 over 1 year and 0.49 over 5 years.
Is ZBH a good diversifier for DHI?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhi-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHI correlations · ZBH correlations
