LEN vs PHM: Correlation
Measured on weekly returns over the past three years, Lennar (LEN) and PulteGroup (PHM) carry a correlation of 0.91, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and PHM?
Across a 3-year window, the weekly returns of LEN and PHM correlate at 0.91, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.91 over 3. Stretching to 5 years gives 0.90, with an annualized covariance of 954.3 %².
PHM is one of the assets that tracks LEN most closely: it ranks #1 out of the 40 assets we track against LEN. The last year tells two different stories: PHM led by 32.4 percentage points, -34.9% for LEN against -2.5% for PHM. The rolling one-year correlation stayed in a tight band between 0.87 and 0.94 over the past three years, which points to a structural rather than episodic relationship.
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 PHM: side by side
| LEN (Lennar) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -34.9% | -2.5% |
| 5-year return | -11.7% | +145.5% |
| Volatility (ann.) | 32.6% | 32.2% |
| Beta vs S&P 500 | 0.84 | 0.82 |
| Max drawdown (3Y) | -54.5% | -38.0% |
| Market cap | $20.5B | – |
| P/E (trailing) | 13.7 | 13.3 |
| Dividend yield | 2.29% | 0.77% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LEN | PHM |
|---|---|---|
| 2022 | -20.6% | -19.2% |
| 2023 | +66.9% | +128.8% |
| 2024 | -7.3% | +6.2% |
| 2025 | -20.8% | +8.5% |
| 2026 | -15.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and PHM good diversifiers for each other?
No. With a correlation of 0.91, LEN and PHM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LEN and PHM?
The LEN/PHM correlation stands at 0.91 on a 3-year window (1 year: 0.87, 5 years: 0.90), computed from weekly returns as of 2026-08-27.
Is PHM a good diversifier for LEN?
No. With a correlation of 0.91, LEN and PHM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.91 mean?
On the −1 to +1 scale, 0.91 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/len-vs-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/len-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEN correlations · PHM correlations
