IBP vs PHM: Correlation
How closely do Installed Building Products, Inc. (IBP) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBP and PHM?
Across a 3-year window, the weekly returns of IBP and PHM correlate at 0.73, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. Stretching to 5 years gives 0.71, with an annualized covariance of 1080.0 %².
PHM is one of the assets that tracks IBP most closely: it ranks #1 out of the 17 assets we track against IBP. The trailing year gives PHM the advantage: -9.3% versus -2.5%, a 6.8-point spread.
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.
IBP vs PHM: side by side
| IBP (Installed Building Products, Inc.) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -9.3% | -2.5% |
| 5-year return | +107.4% | +145.5% |
| Volatility (ann.) | 45.9% | 32.2% |
| Beta vs S&P 500 | 1.13 | 0.82 |
| Max drawdown (3Y) | -42.7% | -38.0% |
| Market cap | $6.4B | – |
| P/E (trailing) | 26.5 | 13.3 |
| Dividend yield | 0.62% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | IBP | PHM |
|---|---|---|
| 2022 | -37.3% | -19.2% |
| 2023 | +117.6% | +128.8% |
| 2024 | -2.9% | +6.2% |
| 2025 | +50.6% | +8.5% |
| 2026 | -6.2% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBP and PHM good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IBP and PHM?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.60 over the last year and 0.71 over 5 years.
Is PHM a good diversifier for IBP?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/ibp-vs-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibp-vs-phm/)
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Related comparisons
Hubs: IBP correlations · PHM correlations
