GRBK vs LEN: Correlation
Green Brick Partners, Inc. (GRBK) and Lennar (LEN) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and LEN?
On 3 years of weekly data the GRBK/LEN correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.82 over 3. The 5-year figure is 0.78, and annualized covariance runs at 1000.1 %².
By 3-year correlation, LEN places #6 of the 27 assets tracked against GRBK. The last year tells two different stories: GRBK led by 39.4 percentage points, +4.5% for GRBK against -34.9% for LEN.
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 LEN: side by side
| GRBK (Green Brick Partners, Inc.) | LEN (Lennar) | |
|---|---|---|
| 1-year return | +4.5% | -34.9% |
| 5-year return | +186.8% | -11.7% |
| Volatility (ann.) | 37.3% | 32.6% |
| Beta vs S&P 500 | 1.07 | 0.84 |
| Max drawdown (3Y) | -36.1% | -54.5% |
| Market cap | $3.1B | $20.5B |
| P/E (trailing) | 11.1 | 13.7 |
| Dividend yield | 0.00% | 2.29% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GRBK | LEN |
|---|---|---|
| 2022 | -20.1% | -20.6% |
| 2023 | +114.4% | +66.9% |
| 2024 | +8.8% | -7.3% |
| 2025 | +10.9% | -20.8% |
| 2026 | +16.2% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and LEN good diversifiers for each other?
No. With a correlation of 0.82, GRBK and LEN move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between GRBK and LEN?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.82 over the last year and 0.78 over 5 years.
Is LEN a good diversifier for GRBK?
No. With a correlation of 0.82, GRBK and LEN move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/grbk-vs-len.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grbk-vs-len/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRBK correlations · LEN correlations
