GRBK vs MTH: Correlation
How closely do Green Brick Partners, Inc. (GRBK) and Meritage Homes Corporation (MTH) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and MTH?
On 3 years of weekly data the GRBK/MTH correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 1229.3 %².
Within GRBK's tracked universe of 27 assets, MTH comes in at #4 by 3-year correlation. Over the last 12 months GRBK came out ahead by 11.5 percentage points (+4.5% against -7.0%).
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 MTH: side by side
| GRBK (Green Brick Partners, Inc.) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | +4.5% | -7.0% |
| 5-year return | +186.8% | +34.0% |
| Volatility (ann.) | 37.3% | 39.0% |
| Beta vs S&P 500 | 1.07 | 0.90 |
| Max drawdown (3Y) | -36.1% | -43.0% |
| Market cap | $3.1B | $4.6B |
| P/E (trailing) | 11.1 | 15.0 |
| Dividend yield | 0.00% | 2.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRBK | MTH |
|---|---|---|
| 2022 | -20.1% | -24.5% |
| 2023 | +114.4% | +90.5% |
| 2024 | +8.8% | -10.2% |
| 2025 | +10.9% | -12.3% |
| 2026 | +16.2% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and MTH good diversifiers for each other?
No. With a correlation of 0.84, GRBK and MTH move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between GRBK and MTH?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.89 over the last year and 0.78 over 5 years.
Is MTH a good diversifier for GRBK?
No. With a correlation of 0.84, GRBK and MTH move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grbk-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRBK correlations · MTH correlations
