MTH vs NVR: Correlation
Meritage Homes Corporation (MTH) and NVR, Inc. (NVR) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTH and NVR?
On 3 years of weekly data the MTH/NVR correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 675.3 %².
By 3-year correlation, NVR places #10 of the 35 assets tracked against MTH. The trailing year gives MTH the advantage: -7.0% versus -20.8%, a 13.8-point spread. One caveat on sizing: MTH is 1.7 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.
MTH vs NVR: side by side
| MTH (Meritage Homes Corporation) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -7.0% | -20.8% |
| 5-year return | +34.0% | +24.2% |
| Volatility (ann.) | 39.0% | 23.4% |
| Beta vs S&P 500 | 0.90 | 0.53 |
| Max drawdown (3Y) | -43.0% | -43.9% |
| Market cap | $4.6B | $17.0B |
| P/E (trailing) | 15.0 | 16.6 |
| Dividend yield | 2.52% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MTH | NVR |
|---|---|---|
| 2022 | -24.5% | -21.9% |
| 2023 | +90.5% | +51.8% |
| 2024 | -10.2% | +16.8% |
| 2025 | -12.3% | -10.8% |
| 2026 | +8.7% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTH and NVR good diversifiers for each other?
To a limited degree. At 0.74 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 MTH and NVR?
The MTH/NVR correlation stands at 0.74 on a 3-year window (1 year: 0.74, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is NVR a good diversifier for MTH?
To a limited degree. At 0.74 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 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mth-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mth-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTH correlations · NVR correlations
