MHO vs SDHC: Correlation
Measured on weekly returns over the past three years, M/I Homes, Inc. (MHO) and Smith Douglas Homes Corp. (SDHC) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHO and SDHC?
Across a 3-year window, the weekly returns of MHO and SDHC correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1147.6 %².
By 3-year correlation, SDHC places #15 of the 21 assets tracked against MHO. Their recent paths diverged sharply: over the last 12 months MHO outperformed by 41.7 percentage points (+3.4% for MHO against -38.3% for SDHC).
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 SDHC: side by side
| MHO (M/I Homes, Inc.) | SDHC (Smith Douglas Homes Corp.) | |
|---|---|---|
| 1-year return | +3.4% | -38.3% |
| 5-year return | +131.4% | n/a |
| Volatility (ann.) | 38.2% | 49.6% |
| Beta vs S&P 500 | 0.92 | 1.07 |
| Max drawdown (3Y) | -40.6% | -72.0% |
| Market cap | $3.8B | $0.1B |
| P/E (trailing) | 12.8 | 16.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MHO | SDHC |
|---|---|---|
| 2022 | -25.7% | – |
| 2023 | +198.3% | – |
| 2024 | -3.5% | – |
| 2025 | -3.8% | -34.6% |
| 2026 | +18.0% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHO and SDHC good diversifiers for each other?
To a limited degree. At 0.63 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 SDHC?
As of 2026-08-27, the correlation of weekly returns between MHO and SDHC is 0.63 over 3 years, 0.56 over 1 year and n/a over 5 years.
Is SDHC a good diversifier for MHO?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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-sdhc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mho-vs-sdhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MHO correlations · SDHC correlations
