KBH vs PHM: Correlation
How closely do KB Home (KBH) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.91, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBH and PHM?
On 3 years of weekly data the KBH/PHM correlation comes out at 0.91, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.90 over 1 year against 0.91 over 3. The 5-year figure is 0.89, and annualized covariance runs at 1053.5 %².
PHM is one of the assets that tracks KBH most closely: it ranks #1 out of the 27 assets we track against KBH. On 12-month performance PHM holds a 9.6-point edge, -12.1% against -2.5%.
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 PHM: side by side
| KBH (KB Home) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -12.1% | -2.5% |
| 5-year return | +37.4% | +145.5% |
| Volatility (ann.) | 35.8% | 32.2% |
| Beta vs S&P 500 | 0.78 | 0.82 |
| Max drawdown (3Y) | -48.3% | -38.0% |
| Market cap | – | – |
| P/E (trailing) | 13.6 | 13.3 |
| Dividend yield | 1.78% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | KBH | PHM |
|---|---|---|
| 2022 | -27.5% | -19.2% |
| 2023 | +99.0% | +128.8% |
| 2024 | +6.6% | +6.2% |
| 2025 | -12.7% | +8.5% |
| 2026 | -1.7% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBH and PHM good diversifiers for each other?
No. With a correlation of 0.91, KBH and PHM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between KBH and PHM?
As of 2026-08-27, the correlation of weekly returns between KBH and PHM is 0.91 over 3 years, 0.90 over 1 year and 0.89 over 5 years.
Is PHM a good diversifier for KBH?
No. With a correlation of 0.91, KBH and PHM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.91 mean?
On the −1 to +1 scale, 0.91 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-phm.json
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Related comparisons
Hubs: KBH correlations · PHM correlations
