JOE vs PHM: Correlation
Measured on weekly returns over the past three years, St. Joe Company (The) (JOE) and PulteGroup (PHM) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOE and PHM?
Over the past 3 years, JOE and PHM moved with a correlation of 0.65, which is strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.65). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 591.9 %².
In JOE's tracked universe of 12 assets, PHM sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months JOE outperformed by 37.6 percentage points (+35.1% for JOE against -2.5% for PHM).
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.
JOE vs PHM: side by side
| JOE (St. Joe Company (The)) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +35.1% | -2.5% |
| 5-year return | +53.5% | +145.5% |
| Volatility (ann.) | 28.2% | 32.2% |
| Beta vs S&P 500 | 0.84 | 0.82 |
| Max drawdown (3Y) | -35.4% | -38.0% |
| Market cap | $3.9B | – |
| P/E (trailing) | 32.5 | 13.3 |
| Dividend yield | 0.90% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | JOE | PHM |
|---|---|---|
| 2022 | -25.1% | -19.2% |
| 2023 | +57.1% | +128.8% |
| 2024 | -24.6% | +6.2% |
| 2025 | +33.7% | +8.5% |
| 2026 | +15.2% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOE and PHM good diversifiers for each other?
Only partially. A correlation of 0.65 means JOE and PHM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JOE and PHM?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.49 over the last year and 0.56 over 5 years.
Is PHM a good diversifier for JOE?
Only partially. A correlation of 0.65 means JOE and PHM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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/joe-vs-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/joe-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOE correlations · PHM correlations
