HD vs NVR: Correlation
Home Depot (The) (HD) and NVR, Inc. (NVR) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and NVR?
Across a 3-year window, the weekly returns of HD and NVR correlate at 0.70, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.70 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 385.0 %².
Within HD's tracked universe of 54 assets, NVR comes in at #9 by 3-year correlation. Neither side won the trailing year by much: -17.4% against -20.8%. The rolling one-year correlation stayed in a tight band between 0.53 and 0.75 over the past three years, which points to a structural rather than episodic relationship.
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 NVR: side by side
| HD (Home Depot (The)) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -17.4% | -20.8% |
| 5-year return | +13.8% | +24.2% |
| Volatility (ann.) | 23.6% | 23.4% |
| Beta vs S&P 500 | 0.87 | 0.53 |
| Max drawdown (3Y) | -28.8% | -43.9% |
| Market cap | $327.9B | $17.0B |
| P/E (trailing) | 23.4 | 16.6 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HD | NVR |
|---|---|---|
| 2022 | -22.0% | -21.9% |
| 2023 | +12.8% | +51.8% |
| 2024 | +15.0% | +16.8% |
| 2025 | -9.3% | -10.8% |
| 2026 | -3.1% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and NVR good diversifiers for each other?
To a limited degree. At 0.70 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 HD and NVR?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.70 over the last year and 0.66 over 5 years.
Is NVR a good diversifier for HD?
To a limited degree. At 0.70 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 0.70 mean?
A reading of 0.70 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/hd-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hd-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HD correlations · NVR correlations
