MHK vs MHO: Correlation
Measured on weekly returns over the past three years, Mohawk Industries, Inc. (MHK) and M/I Homes, Inc. (MHO) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and MHO?
On 3 years of weekly data the MHK/MHO correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 1072.9 %².
By 3-year correlation, MHO places #5 of the 27 assets tracked against MHK. Over the last 12 months MHO came out ahead by 5.2 percentage points (-1.8% against +3.4%).
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.
MHK vs MHO: side by side
| MHK (Mohawk Industries, Inc.) | MHO (M/I Homes, Inc.) | |
|---|---|---|
| 1-year return | -1.8% | +3.4% |
| 5-year return | -35.8% | +131.4% |
| Volatility (ann.) | 39.3% | 38.2% |
| Beta vs S&P 500 | 1.13 | 0.92 |
| Max drawdown (3Y) | -42.0% | -40.6% |
| Market cap | $8.8B | $3.8B |
| P/E (trailing) | 17.5 | 12.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MHK | MHO |
|---|---|---|
| 2022 | -43.9% | -25.7% |
| 2023 | +1.3% | +198.3% |
| 2024 | +15.1% | -3.5% |
| 2025 | -8.3% | -3.8% |
| 2026 | +18.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and MHO good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MHK and MHO?
The MHK/MHO correlation stands at 0.71 on a 3-year window (1 year: 0.74, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is MHO a good diversifier for MHK?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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/mhk-vs-mho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mhk-vs-mho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MHK correlations · MHO correlations
