HOV vs SGU: Correlation
Hovnanian Enterprises, Inc. (HOV) and Star Group L.P. (SGU) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOV and SGU?
On 3 years of weekly data the HOV/SGU correlation comes out at 0.29, weak. The link has tightened recently: the 1-year correlation (0.40) runs above the 3-year figure (0.29). The 5-year figure is 0.24, and annualized covariance runs at 450.4 %².
Out of 21 assets tracked against HOV, SGU lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months SGU outperformed by 23.9 percentage points (-9.3% for HOV against +14.6% for SGU). Risk is not evenly split, since HOV carries 3.0 times the volatility of the other side.
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 SGU: side by side
| HOV (Hovnanian Enterprises, Inc.) | SGU (Star Group L.P.) | |
|---|---|---|
| 1-year return | -9.3% | +14.6% |
| 5-year return | +19.3% | +58.3% |
| Volatility (ann.) | 67.9% | 22.6% |
| Beta vs S&P 500 | 1.58 | 0.18 |
| Max drawdown (3Y) | -63.1% | -27.1% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 123.0 | 5.6 |
| Dividend yield | 0.00% | 6.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOV | SGU |
|---|---|---|
| 2022 | -66.9% | +18.9% |
| 2023 | +269.8% | +0.7% |
| 2024 | -14.0% | +6.3% |
| 2025 | -27.1% | +9.0% |
| 2026 | +29.9% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOV and SGU good diversifiers for each other?
Reasonably. At 0.29, HOV and SGU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HOV and SGU?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.40 over the last year and 0.24 over 5 years.
Is SGU a good diversifier for HOV?
Reasonably. At 0.29, HOV and SGU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/hov-vs-sgu.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hov-vs-sgu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOV correlations · SGU correlations
