MHK vs NVR: Correlation
Measured on weekly returns over the past three years, Mohawk Industries, Inc. (MHK) and NVR, Inc. (NVR) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and NVR?
Over the past 3 years, MHK and NVR moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 602.3 %².
By 3-year correlation, NVR places #8 of the 27 assets tracked against MHK. The last year tells two different stories: MHK led by 19.0 percentage points, -1.8% for MHK against -20.8% for NVR. Note the risk asymmetry: MHK runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NVR: side by side
| MHK (Mohawk Industries, Inc.) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -1.8% | -20.8% |
| 5-year return | -35.8% | +24.2% |
| Volatility (ann.) | 39.3% | 23.4% |
| Beta vs S&P 500 | 1.13 | 0.53 |
| Max drawdown (3Y) | -42.0% | -43.9% |
| Market cap | $8.8B | $17.0B |
| P/E (trailing) | 17.5 | 16.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MHK | NVR |
|---|---|---|
| 2022 | -43.9% | -21.9% |
| 2023 | +1.3% | +51.8% |
| 2024 | +15.1% | +16.8% |
| 2025 | -8.3% | -10.8% |
| 2026 | +18.8% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and NVR good diversifiers for each other?
To a limited degree. At 0.66 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 MHK and NVR?
As of 2026-08-27, the correlation of weekly returns between MHK and NVR is 0.66 over 3 years, 0.67 over 1 year and 0.62 over 5 years.
Is NVR a good diversifier for MHK?
To a limited degree. At 0.66 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 0.66 mean?
On the −1 to +1 scale, 0.66 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/mhk-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mhk-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MHK correlations · NVR correlations
