GRBK vs LOW: Correlation
How closely do Green Brick Partners, Inc. (GRBK) and Lowe's (LOW) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and LOW?
Across a 3-year window, the weekly returns of GRBK and LOW correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 641.8 %².
Within GRBK's tracked universe of 27 assets, LOW comes in at #11 by 3-year correlation. The last year tells two different stories: GRBK led by 22.9 percentage points, +4.5% for GRBK against -18.4% for LOW. One caveat on sizing: GRBK is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LOW: side by side
| GRBK (Green Brick Partners, Inc.) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | +4.5% | -18.4% |
| 5-year return | +186.8% | +11.1% |
| Volatility (ann.) | 37.3% | 24.8% |
| Beta vs S&P 500 | 1.07 | 0.83 |
| Max drawdown (3Y) | -36.1% | -29.0% |
| Market cap | $3.1B | – |
| P/E (trailing) | 11.1 | 17.8 |
| Dividend yield | 0.00% | 2.31% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GRBK | LOW |
|---|---|---|
| 2022 | -20.1% | -21.5% |
| 2023 | +114.4% | +14.0% |
| 2024 | +8.8% | +13.0% |
| 2025 | +10.9% | -0.3% |
| 2026 | +16.2% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and LOW good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GRBK and LOW?
The GRBK/LOW correlation stands at 0.69 on a 3-year window (1 year: 0.67, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is LOW a good diversifier for GRBK?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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.
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Related comparisons
Hubs: GRBK correlations · LOW correlations
