LEN vs NVR: Correlation
Lennar (LEN) and NVR, Inc. (NVR) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and NVR?
On 3 years of weekly data the LEN/NVR correlation comes out at 0.76, strong. Lately the two have drifted apart, with the 1-year correlation at 0.61 versus 0.76 over 3 years. The 5-year figure is 0.81, and annualized covariance runs at 579.2 %².
Among the 40 assets we track against LEN, NVR ranks #9 by 3-year correlation. Over the last 12 months NVR came out ahead by 14.1 percentage points (-34.9% against -20.8%). Across three years, the rolling one-year figure varied moderately, from 0.58 to 0.91.
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 NVR: side by side
| LEN (Lennar) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | -20.8% |
| 5-year return | -11.7% | +24.2% |
| Volatility (ann.) | 32.6% | 23.4% |
| Beta vs S&P 500 | 0.84 | 0.53 |
| Max drawdown (3Y) | -54.5% | -43.9% |
| Market cap | $20.5B | $17.0B |
| P/E (trailing) | 13.7 | 16.6 |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LEN | NVR |
|---|---|---|
| 2022 | -20.6% | -21.9% |
| 2023 | +66.9% | +51.8% |
| 2024 | -7.3% | +16.8% |
| 2025 | -20.8% | -10.8% |
| 2026 | -15.9% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and NVR good diversifiers for each other?
Only partially. A correlation of 0.76 means LEN and NVR 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 LEN and NVR?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.61 over the last year and 0.81 over 5 years.
Is NVR a good diversifier for LEN?
Only partially. A correlation of 0.76 means LEN and NVR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 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/len-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/len-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEN correlations · NVR correlations
