KBH vs ZBH: Correlation
KB Home (KBH) and Zimmer Biomet (ZBH) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBH and ZBH?
Across a 3-year window, the weekly returns of KBH and ZBH correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 440.2 %².
Among the 27 assets we track against KBH, ZBH ranks #19 by 3-year correlation. On 12-month performance ZBH holds a 6.2-point edge, -12.1% against -5.9%.
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 ZBH: side by side
| KBH (KB Home) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | -12.1% | -5.9% |
| 5-year return | +37.4% | -28.6% |
| Volatility (ann.) | 35.8% | 24.9% |
| Beta vs S&P 500 | 0.78 | 0.51 |
| Max drawdown (3Y) | -48.3% | -38.8% |
| Market cap | – | $19.0B |
| P/E (trailing) | 13.6 | 24.6 |
| Dividend yield | 1.78% | 0.95% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | KBH | ZBH |
|---|---|---|
| 2022 | -27.5% | +4.2% |
| 2023 | +99.0% | -3.8% |
| 2024 | +6.6% | -12.5% |
| 2025 | -12.7% | -14.0% |
| 2026 | -1.7% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBH and ZBH good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KBH and ZBH?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.54 over the last year and 0.48 over 5 years.
Is ZBH a good diversifier for KBH?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kbh-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KBH correlations · ZBH correlations
