MTH vs SSD: Correlation
Meritage Homes Corporation (MTH) and Simpson Manufacturing Company, Inc. (SSD) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTH and SSD?
Across a 3-year window, the weekly returns of MTH and SSD correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 790.5 %².
By 3-year correlation, SSD places #15 of the 35 assets tracked against MTH. Their 12-month results are close: -7.0% for MTH against -5.3% for SSD.
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 SSD: side by side
| MTH (Meritage Homes Corporation) | SSD (Simpson Manufacturing Company, Inc.) | |
|---|---|---|
| 1-year return | -7.0% | -5.3% |
| 5-year return | +34.0% | +65.7% |
| Volatility (ann.) | 39.0% | 29.5% |
| Beta vs S&P 500 | 0.90 | 0.89 |
| Max drawdown (3Y) | -43.0% | -34.4% |
| Market cap | $4.6B | $7.5B |
| P/E (trailing) | 15.0 | 20.3 |
| Dividend yield | 2.52% | 0.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTH | SSD |
|---|---|---|
| 2022 | -24.5% | -35.6% |
| 2023 | +90.5% | +125.4% |
| 2024 | -10.2% | -15.7% |
| 2025 | -12.3% | -1.9% |
| 2026 | +8.7% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTH and SSD good diversifiers for each other?
Only partially. A correlation of 0.69 means MTH and SSD 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 MTH and SSD?
The MTH/SSD correlation stands at 0.69 on a 3-year window (1 year: 0.77, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is SSD a good diversifier for MTH?
Only partially. A correlation of 0.69 means MTH and SSD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/mth-vs-ssd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mth-vs-ssd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTH correlations · SSD correlations
