LEN vs MTH: Correlation
Measured on weekly returns over the past three years, Lennar (LEN) and Meritage Homes Corporation (MTH) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and MTH?
On 3 years of weekly data the LEN/MTH correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.85 over 3. The 5-year figure is 0.87, and annualized covariance runs at 1082.9 %².
Among the 40 assets we track against LEN, MTH ranks #4 by 3-year correlation. The last year tells two different stories: MTH led by 27.9 percentage points, -34.9% for LEN against -7.0% for MTH.
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 MTH: side by side
| LEN (Lennar) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | -34.9% | -7.0% |
| 5-year return | -11.7% | +34.0% |
| Volatility (ann.) | 32.6% | 39.0% |
| Beta vs S&P 500 | 0.84 | 0.90 |
| Max drawdown (3Y) | -54.5% | -43.0% |
| Market cap | $20.5B | $4.6B |
| P/E (trailing) | 13.7 | 15.0 |
| Dividend yield | 2.29% | 2.52% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LEN | MTH |
|---|---|---|
| 2022 | -20.6% | -24.5% |
| 2023 | +66.9% | +90.5% |
| 2024 | -7.3% | -10.2% |
| 2025 | -20.8% | -12.3% |
| 2026 | -15.9% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and MTH good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between LEN and MTH?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.86 over the last year and 0.87 over 5 years.
Is MTH a good diversifier for LEN?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
A reading of 0.85 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-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/len-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEN correlations · MTH correlations
