HOV vs LE: Correlation
Hovnanian Enterprises, Inc. (HOV) and Lands' End, Inc. (LE) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOV and LE?
On 3 years of weekly data the HOV/LE correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.45). The 5-year figure is 0.30, and annualized covariance runs at 1719.0 %².
Within HOV's tracked universe of 21 assets, LE comes in at #10 by 3-year correlation. On 12-month performance HOV holds a 9.8-point edge, -9.3% against -19.1%.
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.
HOV vs LE: side by side
| HOV (Hovnanian Enterprises, Inc.) | LE (Lands' End, Inc.) | |
|---|---|---|
| 1-year return | -9.3% | -19.1% |
| 5-year return | +19.3% | -66.7% |
| Volatility (ann.) | 67.9% | 56.5% |
| Beta vs S&P 500 | 1.58 | 1.15 |
| Max drawdown (3Y) | -63.1% | -61.1% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 123.0 | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOV | LE |
|---|---|---|
| 2022 | -66.9% | -61.3% |
| 2023 | +269.8% | +26.0% |
| 2024 | -14.0% | +37.4% |
| 2025 | -27.1% | +10.5% |
| 2026 | +29.9% | -18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOV and LE good diversifiers for each other?
Reasonably. At 0.45, HOV and LE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HOV and LE?
The HOV/LE correlation stands at 0.45 on a 3-year window (1 year: 0.30, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is LE a good diversifier for HOV?
Reasonably. At 0.45, HOV and LE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/hov-vs-le.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hov-vs-le/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HOV correlations · LE correlations
