GRBK vs MHO: Correlation
How closely do Green Brick Partners, Inc. (GRBK) and M/I Homes, Inc. (MHO) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and MHO?
Across a 3-year window, the weekly returns of GRBK and MHO correlate at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 1184.8 %².
Among the 27 assets we track against GRBK, MHO ranks #5 by 3-year correlation. Neither side won the trailing year by much: +4.5% against +3.4%.
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 MHO: side by side
| GRBK (Green Brick Partners, Inc.) | MHO (M/I Homes, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | +3.4% |
| 5-year return | +186.8% | +131.4% |
| Volatility (ann.) | 37.3% | 38.2% |
| Beta vs S&P 500 | 1.07 | 0.92 |
| Max drawdown (3Y) | -36.1% | -40.6% |
| Market cap | $3.1B | $3.8B |
| P/E (trailing) | 11.1 | 12.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRBK | MHO |
|---|---|---|
| 2022 | -20.1% | -25.7% |
| 2023 | +114.4% | +198.3% |
| 2024 | +8.8% | -3.5% |
| 2025 | +10.9% | -3.8% |
| 2026 | +16.2% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and MHO good diversifiers for each other?
No: a correlation of 0.83 means GRBK and MHO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GRBK and MHO?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.86 over the last year and 0.78 over 5 years.
Is MHO a good diversifier for GRBK?
No: a correlation of 0.83 means GRBK and MHO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: GRBK correlations · MHO correlations
