MHK vs PHM: Correlation
How closely do Mohawk Industries, Inc. (MHK) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and PHM?
Across a 3-year window, the weekly returns of MHK and PHM correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 948.4 %².
In MHK's tracked universe of 27 assets, PHM sits right near the top at #1. Twelve-month performance is nearly a tie, at -1.8% for MHK and -2.5% for PHM.
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 PHM: side by side
| MHK (Mohawk Industries, Inc.) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -1.8% | -2.5% |
| 5-year return | -35.8% | +145.5% |
| Volatility (ann.) | 39.3% | 32.2% |
| Beta vs S&P 500 | 1.13 | 0.82 |
| Max drawdown (3Y) | -42.0% | -38.0% |
| Market cap | $8.8B | – |
| P/E (trailing) | 17.5 | 13.3 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MHK | PHM |
|---|---|---|
| 2022 | -43.9% | -19.2% |
| 2023 | +1.3% | +128.8% |
| 2024 | +15.1% | +6.2% |
| 2025 | -8.3% | +8.5% |
| 2026 | +18.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and PHM good diversifiers for each other?
Only partially. A correlation of 0.75 means MHK and PHM 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 MHK and PHM?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.79 over the last year and 0.71 over 5 years.
Is PHM a good diversifier for MHK?
Only partially. A correlation of 0.75 means MHK and PHM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mhk-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MHK correlations · PHM correlations
