HD vs LEN: Correlation
Home Depot (The) (HD) and Lennar (LEN) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and LEN?
Across a 3-year window, the weekly returns of HD and LEN correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 533.1 %².
Among the 54 assets we track against HD, LEN ranks #11 by 3-year correlation. The last year tells two different stories: HD led by 17.5 percentage points, -17.4% for HD against -34.9% for LEN. The link looks structural: the rolling one-year correlation barely moved, holding between 0.58 and 0.75.
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.
HD vs LEN: side by side
| HD (Home Depot (The)) | LEN (Lennar) | |
|---|---|---|
| 1-year return | -17.4% | -34.9% |
| 5-year return | +13.8% | -11.7% |
| Volatility (ann.) | 23.6% | 32.6% |
| Beta vs S&P 500 | 0.87 | 0.84 |
| Max drawdown (3Y) | -28.8% | -54.5% |
| Market cap | $327.9B | $20.5B |
| P/E (trailing) | 23.4 | 13.7 |
| Dividend yield | 1.38% | 2.29% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HD | LEN |
|---|---|---|
| 2022 | -22.0% | -20.6% |
| 2023 | +12.8% | +66.9% |
| 2024 | +15.0% | -7.3% |
| 2025 | -9.3% | -20.8% |
| 2026 | -3.1% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and LEN 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 HD and LEN?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.69 over the last year and 0.67 over 5 years.
Is LEN a good diversifier for HD?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hd-vs-len.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hd-vs-len/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HD correlations · LEN correlations
