MHO vs MTH: Correlation
Measured on weekly returns over the past three years, M/I Homes, Inc. (MHO) and Meritage Homes Corporation (MTH) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHO and MTH?
Over the past 3 years, MHO and MTH moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 1280.2 %².
Few assets follow MHO as closely as MTH, which ranks #2 of 21 tracked partners. Over the last 12 months MHO came out ahead by 10.4 percentage points (+3.4% 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.
MHO vs MTH: side by side
| MHO (M/I Homes, Inc.) | MTH (Meritage Homes Corporation) | |
|---|---|---|
| 1-year return | +3.4% | -7.0% |
| 5-year return | +131.4% | +34.0% |
| Volatility (ann.) | 38.2% | 39.0% |
| Beta vs S&P 500 | 0.92 | 0.90 |
| Max drawdown (3Y) | -40.6% | -43.0% |
| Market cap | $3.8B | $4.6B |
| P/E (trailing) | 12.8 | 15.0 |
| Dividend yield | 0.00% | 2.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MHO | MTH |
|---|---|---|
| 2022 | -25.7% | -24.5% |
| 2023 | +198.3% | +90.5% |
| 2024 | -3.5% | -10.2% |
| 2025 | -3.8% | -12.3% |
| 2026 | +18.0% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHO and MTH good diversifiers for each other?
No: a correlation of 0.86 means MHO and MTH tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between MHO and MTH?
The MHO/MTH correlation stands at 0.86 on a 3-year window (1 year: 0.88, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is MTH a good diversifier for MHO?
No: a correlation of 0.86 means MHO and MTH tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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/mho-vs-mth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mho-vs-mth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MHO correlations · MTH correlations
