HOV vs TREE: Correlation
Hovnanian Enterprises, Inc. (HOV) and LendingTree, Inc. (TREE) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOV and TREE?
Across a 3-year window, the weekly returns of HOV and TREE correlate at 0.58, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.58). Stretching to 5 years gives 0.52, with an annualized covariance of 2976.2 %².
By 3-year correlation, TREE places #7 of the 21 assets tracked against HOV. The last year tells two different stories: HOV led by 48.9 percentage points, -9.3% for HOV against -58.2% for TREE.
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 TREE: side by side
| HOV (Hovnanian Enterprises, Inc.) | TREE (LendingTree, Inc.) | |
|---|---|---|
| 1-year return | -9.3% | -58.2% |
| 5-year return | +19.3% | -83.0% |
| Volatility (ann.) | 67.9% | 76.1% |
| Beta vs S&P 500 | 1.58 | 1.99 |
| Max drawdown (3Y) | -63.1% | -63.0% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 123.0 | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOV | TREE |
|---|---|---|
| 2022 | -66.9% | -82.6% |
| 2023 | +269.8% | +42.1% |
| 2024 | -14.0% | +27.8% |
| 2025 | -27.1% | +37.0% |
| 2026 | +29.9% | -46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOV and TREE good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HOV and TREE?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.36 over the last year and 0.52 over 5 years.
Is TREE a good diversifier for HOV?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/hov-vs-tree.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hov-vs-tree/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOV correlations · TREE correlations
