LEGH vs MHK: Correlation
How closely do Legacy Housing Corporation (LEGH) and Mohawk Industries, Inc. (MHK) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEGH and MHK?
Over the past 3 years, LEGH and MHK moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 746.1 %².
In LEGH's tracked universe of 13 assets, MHK sits right near the top at #3. Their 12-month results are close: +1.6% for LEGH against -1.8% for MHK.
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.
LEGH vs MHK: side by side
| LEGH (Legacy Housing Corporation) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -1.8% |
| 5-year return | +49.1% | -35.8% |
| Volatility (ann.) | 34.8% | 39.3% |
| Beta vs S&P 500 | 0.84 | 1.13 |
| Max drawdown (3Y) | -34.9% | -42.0% |
| Market cap | $0.7B | $8.8B |
| P/E (trailing) | 13.2 | 17.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEGH | MHK |
|---|---|---|
| 2022 | -28.4% | -43.9% |
| 2023 | +33.0% | +1.3% |
| 2024 | -2.1% | +15.1% |
| 2025 | -20.9% | -8.3% |
| 2026 | +45.3% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEGH and MHK good diversifiers for each other?
Only partially. A correlation of 0.55 means LEGH and MHK 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 LEGH and MHK?
The LEGH/MHK correlation stands at 0.55 on a 3-year window (1 year: 0.64, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is MHK a good diversifier for LEGH?
Only partially. A correlation of 0.55 means LEGH and MHK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/legh-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/legh-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEGH correlations · MHK correlations
