KBH vs SCHL: Correlation
How closely do KB Home (KBH) and Scholastic Corporation (SCHL) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBH and SCHL?
Over the past 3 years, KBH and SCHL moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 605.6 %².
Among the 27 assets we track against KBH, SCHL ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SCHL outperformed by 67.2 percentage points (-12.1% for KBH against +55.1% for SCHL).
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 SCHL: side by side
| KBH (KB Home) | SCHL (Scholastic Corporation) | |
|---|---|---|
| 1-year return | -12.1% | +55.1% |
| 5-year return | +37.4% | +32.0% |
| Volatility (ann.) | 35.8% | 43.5% |
| Beta vs S&P 500 | 0.78 | 0.79 |
| Max drawdown (3Y) | -48.3% | -62.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | 13.6 | 17.1 |
| Dividend yield | 1.78% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KBH | SCHL |
|---|---|---|
| 2022 | -27.5% | +0.5% |
| 2023 | +99.0% | -2.5% |
| 2024 | +6.6% | -42.0% |
| 2025 | -12.7% | +44.0% |
| 2026 | -1.7% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBH and SCHL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KBH and SCHL?
As of 2026-08-27, the correlation of weekly returns between KBH and SCHL is 0.39 over 3 years, 0.36 over 1 year and 0.26 over 5 years.
Is SCHL a good diversifier for KBH?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: KBH correlations · SCHL correlations
