LEN vs ZBH: Correlation
Lennar (LEN) and Zimmer Biomet (ZBH) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and ZBH?
Across a 3-year window, the weekly returns of LEN and ZBH correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 420.0 %².
Within LEN's tracked universe of 40 assets, ZBH comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZBH ahead by 29.0 points (-34.9% versus -5.9%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.44 and 0.67.
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 ZBH: side by side
| LEN (Lennar) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | -34.9% | -5.9% |
| 5-year return | -11.7% | -28.6% |
| Volatility (ann.) | 32.6% | 24.9% |
| Beta vs S&P 500 | 0.84 | 0.51 |
| Max drawdown (3Y) | -54.5% | -38.8% |
| Market cap | $20.5B | $19.0B |
| P/E (trailing) | 13.7 | 24.6 |
| Dividend yield | 2.29% | 0.95% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | LEN | ZBH |
|---|---|---|
| 2022 | -20.6% | +4.2% |
| 2023 | +66.9% | -3.8% |
| 2024 | -7.3% | -12.5% |
| 2025 | -20.8% | -14.0% |
| 2026 | -15.9% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and ZBH good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LEN and ZBH?
As of 2026-08-27, the correlation of weekly returns between LEN and ZBH is 0.52 over 3 years, 0.55 over 1 year and 0.51 over 5 years.
Is ZBH a good diversifier for LEN?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/len-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEN correlations · ZBH correlations
