KDP vs MTH: Correlation
Measured on weekly returns over the past three years, Keurig Dr Pepper (KDP) and Meritage Homes Corporation (MTH) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and MTH?
On 3 years of weekly data the KDP/MTH correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.36 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 328.2 %².
Within KDP's tracked universe of 30 assets, MTH comes in at #12 by 3-year correlation. The last year tells two different stories: KDP led by 17.9 percentage points, +10.9% for KDP against -7.0% for MTH. Risk is not evenly split, since MTH carries 1.7 times the volatility of the other side.
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.
KDP vs MTH: side by side
| KDP (Keurig Dr Pepper) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | +10.9% | -7.0% |
| 5-year return | +3.1% | +34.0% |
| Volatility (ann.) | 23.6% | 39.0% |
| Beta vs S&P 500 | 0.14 | 0.90 |
| Max drawdown (3Y) | -31.0% | -43.0% |
| Market cap | $43.4B | $4.6B |
| P/E (trailing) | 32.5 | 15.0 |
| Dividend yield | 2.86% | 2.52% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KDP | MTH |
|---|---|---|
| 2022 | -1.2% | -24.5% |
| 2023 | -4.2% | +90.5% |
| 2024 | -1.1% | -10.2% |
| 2025 | -10.1% | -12.3% |
| 2026 | +16.6% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and MTH good diversifiers for each other?
Reasonably. At 0.36, KDP and MTH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KDP and MTH?
As of 2026-08-27, the correlation of weekly returns between KDP and MTH is 0.36 over 3 years, 0.46 over 1 year and 0.34 over 5 years.
Is MTH a good diversifier for KDP?
Reasonably. At 0.36, KDP and MTH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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
$ curl https://www.pairbook.io/api/v1/pairs/kdp-vs-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kdp-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KDP correlations · MTH correlations
