GRBK vs NVR: Correlation
Green Brick Partners, Inc. (GRBK) and NVR, Inc. (NVR) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and NVR?
On 3 years of weekly data the GRBK/NVR correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 668.0 %².
Among the 27 assets we track against GRBK, NVR ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GRBK outperformed by 25.3 percentage points (+4.5% for GRBK against -20.8% for NVR). One caveat on sizing: GRBK is 1.6 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 NVR: side by side
| GRBK (Green Brick Partners, Inc.) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | -20.8% |
| 5-year return | +186.8% | +24.2% |
| Volatility (ann.) | 37.3% | 23.4% |
| Beta vs S&P 500 | 1.07 | 0.53 |
| Max drawdown (3Y) | -36.1% | -43.9% |
| Market cap | $3.1B | $17.0B |
| P/E (trailing) | 11.1 | 16.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GRBK | NVR |
|---|---|---|
| 2022 | -20.1% | -21.9% |
| 2023 | +114.4% | +51.8% |
| 2024 | +8.8% | +16.8% |
| 2025 | +10.9% | -10.8% |
| 2026 | +16.2% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and NVR good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GRBK and NVR?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.71 over the last year and 0.71 over 5 years.
Is NVR a good diversifier for GRBK?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 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
$ curl https://www.pairbook.io/api/v1/pairs/grbk-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grbk-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRBK correlations · NVR correlations
