LEN vs MHO: Correlation
Measured on weekly returns over the past three years, Lennar (LEN) and M/I Homes, Inc. (MHO) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and MHO?
On 3 years of weekly data the LEN/MHO correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 1028.2 %².
Among the 40 assets we track against LEN, MHO ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MHO outperformed by 38.3 percentage points (-34.9% for LEN against +3.4% for MHO).
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.
LEN vs MHO: side by side
| LEN (Lennar) | MHO (M/I Homes, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | +3.4% |
| 5-year return | -11.7% | +131.4% |
| Volatility (ann.) | 32.6% | 38.2% |
| Beta vs S&P 500 | 0.84 | 0.92 |
| Max drawdown (3Y) | -54.5% | -40.6% |
| Market cap | $20.5B | $3.8B |
| P/E (trailing) | 13.7 | 12.8 |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LEN | MHO |
|---|---|---|
| 2022 | -20.6% | -25.7% |
| 2023 | +66.9% | +198.3% |
| 2024 | -7.3% | -3.5% |
| 2025 | -20.8% | -3.8% |
| 2026 | -15.9% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and MHO good diversifiers for each other?
No. With a correlation of 0.83, LEN and MHO move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LEN and MHO?
As of 2026-08-27, the correlation of weekly returns between LEN and MHO is 0.83 over 3 years, 0.82 over 1 year and 0.84 over 5 years.
Is MHO a good diversifier for LEN?
No. With a correlation of 0.83, LEN and MHO move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 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/len-vs-mho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/len-vs-mho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEN correlations · MHO correlations
