MTH vs WNC: Correlation
Meritage Homes Corporation (MTH) and Wabash National Corporation (WNC) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTH and WNC?
Across a 3-year window, the weekly returns of MTH and WNC correlate at 0.53, moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.53). Stretching to 5 years gives 0.51, with an annualized covariance of 1039.3 %².
By 3-year correlation, WNC places #24 of the 35 assets tracked against MTH. Correlation aside, the last 12 months split them widely, with WNC ahead by 26.0 points (-7.0% versus +19.0%).
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.
MTH vs WNC: side by side
| MTH (Meritage Homes Corporation) | WNC (Wabash National Corporation) | |
|---|---|---|
| 1-year return | -7.0% | +19.0% |
| 5-year return | +34.0% | -6.2% |
| Volatility (ann.) | 39.0% | 49.9% |
| Beta vs S&P 500 | 0.90 | 0.70 |
| Max drawdown (3Y) | -43.0% | -76.4% |
| Market cap | $4.6B | $0.5B |
| P/E (trailing) | 15.0 | – |
| Dividend yield | 2.52% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTH | WNC |
|---|---|---|
| 2022 | -24.5% | +18.2% |
| 2023 | +90.5% | +14.9% |
| 2024 | -10.2% | -32.2% |
| 2025 | -12.3% | -48.1% |
| 2026 | +8.7% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTH and WNC good diversifiers for each other?
To a limited degree. At 0.53 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 WNC?
The MTH/WNC correlation stands at 0.53 on a 3-year window (1 year: 0.75, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is WNC a good diversifier for MTH?
To a limited degree. At 0.53 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 0.53 mean?
On the −1 to +1 scale, 0.53 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-wnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mth-vs-wnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTH correlations · WNC correlations
