MAS vs MTH: Correlation
How closely do Masco (MAS) and Meritage Homes Corporation (MTH) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and MTH?
On 3 years of weekly data the MAS/MTH correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.81 over 1 year against 0.74 over 3. The 5-year figure is 0.73, and annualized covariance runs at 852.5 %².
Among the 61 assets we track against MAS, MTH ranks #5 by 3-year correlation. Over the last 12 months MAS came out ahead by 6.5 percentage points (-0.5% against -7.0%).
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.
MAS vs MTH: side by side
| MAS (Masco) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | -0.5% | -7.0% |
| 5-year return | +29.1% | +34.0% |
| Volatility (ann.) | 29.6% | 39.0% |
| Beta vs S&P 500 | 0.95 | 0.90 |
| Max drawdown (3Y) | -30.9% | -43.0% |
| Market cap | $14.4B | $4.6B |
| P/E (trailing) | 17.0 | 15.0 |
| Dividend yield | 1.71% | 2.52% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | MAS | MTH |
|---|---|---|
| 2022 | -32.1% | -24.5% |
| 2023 | +46.6% | +90.5% |
| 2024 | +10.0% | -10.2% |
| 2025 | -10.9% | -12.3% |
| 2026 | +16.3% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and MTH good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MAS and MTH?
As of 2026-08-27, the correlation of weekly returns between MAS and MTH is 0.74 over 3 years, 0.81 over 1 year and 0.73 over 5 years.
Is MTH a good diversifier for MAS?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MAS correlations · MTH correlations
