KBH vs SHW: Correlation
Measured on weekly returns over the past three years, KB Home (KBH) and Sherwin-Williams (SHW) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBH and SHW?
Over the past 3 years, KBH and SHW moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 594.1 %².
Among the 27 assets we track against KBH, SHW ranks #15 by 3-year correlation. On 12-month performance SHW holds a 7.0-point edge, -12.1% against -5.1%.
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 SHW: side by side
| KBH (KB Home) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -12.1% | -5.1% |
| 5-year return | +37.4% | +18.3% |
| Volatility (ann.) | 35.8% | 24.6% |
| Beta vs S&P 500 | 0.78 | 0.79 |
| Max drawdown (3Y) | -48.3% | -25.7% |
| Market cap | – | $83.8B |
| P/E (trailing) | 13.6 | 31.8 |
| Dividend yield | 1.78% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | KBH | SHW |
|---|---|---|
| 2022 | -27.5% | -32.0% |
| 2023 | +99.0% | +32.7% |
| 2024 | +6.6% | +9.9% |
| 2025 | -12.7% | -3.8% |
| 2026 | -1.7% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBH and SHW good diversifiers for each other?
Only partially. A correlation of 0.67 means KBH and SHW 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 KBH and SHW?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.67 over the last year and 0.55 over 5 years.
Is SHW a good diversifier for KBH?
Only partially. A correlation of 0.67 means KBH and SHW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
A reading of 0.67 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/kbh-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kbh-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KBH correlations · SHW correlations
