LOW vs NVR: Correlation
How closely do Lowe's (LOW) and NVR, Inc. (NVR) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and NVR?
Over the past 3 years, LOW and NVR moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.68). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 393.5 %².
By 3-year correlation, NVR places #15 of the 46 assets tracked against LOW. Twelve-month performance is nearly a tie, at -18.4% for LOW and -20.8% for NVR. The rolling one-year correlation moved between 0.56 and 0.82 over the past three years, a moderate range.
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.
LOW vs NVR: side by side
| LOW (Lowe's) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -18.4% | -20.8% |
| 5-year return | +11.1% | +24.2% |
| Volatility (ann.) | 24.8% | 23.4% |
| Beta vs S&P 500 | 0.83 | 0.53 |
| Max drawdown (3Y) | -29.0% | -43.9% |
| Market cap | – | $17.0B |
| P/E (trailing) | 17.8 | 16.6 |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LOW | NVR |
|---|---|---|
| 2022 | -21.5% | -21.9% |
| 2023 | +14.0% | +51.8% |
| 2024 | +13.0% | +16.8% |
| 2025 | -0.3% | -10.8% |
| 2026 | -12.9% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and NVR good diversifiers for each other?
Only partially. A correlation of 0.68 means LOW 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 LOW and NVR?
The LOW/NVR correlation stands at 0.68 on a 3-year window (1 year: 0.57, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is NVR a good diversifier for LOW?
Only partially. A correlation of 0.68 means LOW 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 0.68 mean?
A reading of 0.68 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/low-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/low-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOW correlations · NVR correlations
