GRBK vs WINA: Correlation
Measured on weekly returns over the past three years, Green Brick Partners, Inc. (GRBK) and Winmark Corporation (WINA) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and WINA?
Across a 3-year window, the weekly returns of GRBK and WINA correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.41, with an annualized covariance of 590.6 %².
By 3-year correlation, WINA places #22 of the 27 assets tracked against GRBK. Their recent paths diverged sharply: over the last 12 months GRBK outperformed by 28.8 percentage points (+4.5% for GRBK against -24.3% for WINA).
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 WINA: side by side
| GRBK (Green Brick Partners, Inc.) | WINA (Winmark Corporation) | |
|---|---|---|
| 1-year return | +4.5% | -24.3% |
| 5-year return | +186.8% | +89.5% |
| Volatility (ann.) | 37.3% | 35.4% |
| Beta vs S&P 500 | 1.07 | 0.47 |
| Max drawdown (3Y) | -36.1% | -34.0% |
| Market cap | $3.1B | $1.2B |
| P/E (trailing) | 11.1 | 30.4 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRBK | WINA |
|---|---|---|
| 2022 | -20.1% | -2.8% |
| 2023 | +114.4% | +82.6% |
| 2024 | +8.8% | -3.3% |
| 2025 | +10.9% | +6.4% |
| 2026 | +16.2% | -16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and WINA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRBK and WINA?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.59 over the last year and 0.41 over 5 years.
Is WINA a good diversifier for GRBK?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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 · WINA correlations
