KBH vs LEGH: Correlation
KB Home (KBH) and Legacy Housing Corporation (LEGH) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBH and LEGH?
On 3 years of weekly data the KBH/LEGH correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 697.0 %².
By 3-year correlation, LEGH places #18 of the 27 assets tracked against KBH. On 12-month performance LEGH holds a 13.7-point edge, -12.1% against +1.6%.
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.
KBH vs LEGH: side by side
| KBH (KB Home) | LEGH (Legacy Housing Corporation) | |
|---|---|---|
| 1-year return | -12.1% | +1.6% |
| 5-year return | +37.4% | +49.1% |
| Volatility (ann.) | 35.8% | 34.8% |
| Beta vs S&P 500 | 0.78 | 0.84 |
| Max drawdown (3Y) | -48.3% | -34.9% |
| Market cap | – | $0.7B |
| P/E (trailing) | 13.6 | 13.2 |
| Dividend yield | 1.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KBH | LEGH |
|---|---|---|
| 2022 | -27.5% | -28.4% |
| 2023 | +99.0% | +33.0% |
| 2024 | +6.6% | -2.1% |
| 2025 | -12.7% | -20.9% |
| 2026 | -1.7% | +45.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBH and LEGH good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KBH and LEGH?
The KBH/LEGH correlation stands at 0.56 on a 3-year window (1 year: 0.57, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is LEGH a good diversifier for KBH?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/kbh-vs-legh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kbh-vs-legh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KBH correlations · LEGH correlations
