GRBK vs HD: Correlation
Measured on weekly returns over the past three years, Green Brick Partners, Inc. (GRBK) and Home Depot (The) (HD) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and HD?
Over the past 3 years, GRBK and HD moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 602.9 %².
By 3-year correlation, HD places #12 of the 27 assets tracked against GRBK. Correlation aside, the last 12 months split them widely, with GRBK ahead by 21.9 points (+4.5% versus -17.4%). Risk is not evenly split, since GRBK carries 1.6 times the volatility of the other side.
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.
GRBK vs HD: side by side
| GRBK (Green Brick Partners, Inc.) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | +4.5% | -17.4% |
| 5-year return | +186.8% | +13.8% |
| Volatility (ann.) | 37.3% | 23.6% |
| Beta vs S&P 500 | 1.07 | 0.87 |
| Max drawdown (3Y) | -36.1% | -28.8% |
| Market cap | $3.1B | $327.9B |
| P/E (trailing) | 11.1 | 23.4 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GRBK | HD |
|---|---|---|
| 2022 | -20.1% | -22.0% |
| 2023 | +114.4% | +12.8% |
| 2024 | +8.8% | +15.0% |
| 2025 | +10.9% | -9.3% |
| 2026 | +16.2% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and HD good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GRBK and HD?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.68 over the last year and 0.60 over 5 years.
Is HD a good diversifier for GRBK?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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/grbk-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grbk-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRBK correlations · HD correlations
