MHO vs NVR: Correlation
Measured on weekly returns over the past three years, M/I Homes, Inc. (MHO) and NVR, Inc. (NVR) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHO and NVR?
Over the past 3 years, MHO and NVR moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 649.6 %².
Within MHO's tracked universe of 21 assets, NVR comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MHO outperformed by 24.2 percentage points (+3.4% for MHO against -20.8% for NVR). One caveat on sizing: MHO is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NVR: side by side
| MHO (M/I Homes, Inc.) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -20.8% |
| 5-year return | +131.4% | +24.2% |
| Volatility (ann.) | 38.2% | 23.4% |
| Beta vs S&P 500 | 0.92 | 0.53 |
| Max drawdown (3Y) | -40.6% | -43.9% |
| Market cap | $3.8B | $17.0B |
| P/E (trailing) | 12.8 | 16.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MHO | NVR |
|---|---|---|
| 2022 | -25.7% | -21.9% |
| 2023 | +198.3% | +51.8% |
| 2024 | -3.5% | +16.8% |
| 2025 | -3.8% | -10.8% |
| 2026 | +18.0% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHO and NVR good diversifiers for each other?
To a limited degree. At 0.73 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 MHO and NVR?
As of 2026-08-27, the correlation of weekly returns between MHO and NVR is 0.73 over 3 years, 0.68 over 1 year and 0.78 over 5 years.
Is NVR a good diversifier for MHO?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 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-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mho-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MHO correlations · NVR correlations
