LEN vs SHW: Correlation
How closely do Lennar (LEN) and Sherwin-Williams (SHW) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and SHW?
Across a 3-year window, the weekly returns of LEN and SHW correlate at 0.69, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.64, with an annualized covariance of 552.6 %².
Among the 40 assets we track against LEN, SHW ranks #19 by 3-year correlation. The last year tells two different stories: SHW led by 29.8 percentage points, -34.9% for LEN against -5.1% for SHW. On a rolling one-year basis the correlation drifted between 0.54 and 0.81, a moderate band.
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 SHW: side by side
| LEN (Lennar) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -34.9% | -5.1% |
| 5-year return | -11.7% | +18.3% |
| Volatility (ann.) | 32.6% | 24.6% |
| Beta vs S&P 500 | 0.84 | 0.79 |
| Max drawdown (3Y) | -54.5% | -25.7% |
| Market cap | $20.5B | $83.8B |
| P/E (trailing) | 13.7 | 31.8 |
| Dividend yield | 2.29% | 0.91% |
| Sector / category | Consumer Discretionary | Materials |
Year-by-year returns
| Year | LEN | SHW |
|---|---|---|
| 2022 | -20.6% | -32.0% |
| 2023 | +66.9% | +32.7% |
| 2024 | -7.3% | +9.9% |
| 2025 | -20.8% | -3.8% |
| 2026 | -15.9% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and SHW good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LEN and SHW?
The LEN/SHW correlation stands at 0.69 on a 3-year window (1 year: 0.67, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is SHW a good diversifier for LEN?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/len-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEN correlations · SHW correlations
