LGIH vs MNRO: Correlation
How closely do LGI Homes, Inc. (LGIH) and Monro, Inc. (MNRO) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGIH and MNRO?
On 3 years of weekly data the LGIH/MNRO correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 1390.1 %².
Among the 16 assets we track against LGIH, MNRO ranks #10 by 3-year correlation. On 12-month performance LGIH holds a 14.3-point edge, -9.4% against -23.7%.
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.
LGIH vs MNRO: side by side
| LGIH (LGI Homes, Inc.) | MNRO (Monro, Inc.) | |
|---|---|---|
| 1-year return | -9.4% | -23.7% |
| 5-year return | -64.2% | -73.0% |
| Volatility (ann.) | 53.2% | 50.0% |
| Beta vs S&P 500 | 1.23 | 0.93 |
| Max drawdown (3Y) | -74.8% | -61.6% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | 20.4 | 53.3 |
| Dividend yield | 0.00% | 8.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGIH | MNRO |
|---|---|---|
| 2022 | -40.1% | -20.6% |
| 2023 | +43.8% | -33.1% |
| 2024 | -32.9% | -12.0% |
| 2025 | -51.9% | -13.8% |
| 2026 | +32.7% | -35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGIH and MNRO good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LGIH and MNRO?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.61 over the last year and 0.47 over 5 years.
Is MNRO a good diversifier for LGIH?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/lgih-vs-mnro.json
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Related comparisons
Hubs: LGIH correlations · MNRO correlations
