NVR vs PHM: Correlation
How closely do NVR, Inc. (NVR) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and PHM?
On 3 years of weekly data the NVR/PHM correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 606.6 %².
PHM is one of the assets that tracks NVR most closely: it ranks #1 out of the 38 assets we track against NVR. Their recent paths diverged sharply: over the last 12 months PHM outperformed by 18.3 percentage points (-20.8% for NVR against -2.5% for PHM). The link looks structural: the rolling one-year correlation barely moved, holding between 0.69 and 0.89.
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.
NVR vs PHM: side by side
| NVR (NVR, Inc.) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | -20.8% | -2.5% |
| 5-year return | +24.2% | +145.5% |
| Volatility (ann.) | 23.4% | 32.2% |
| Beta vs S&P 500 | 0.53 | 0.82 |
| Max drawdown (3Y) | -43.9% | -38.0% |
| Market cap | $17.0B | – |
| P/E (trailing) | 16.6 | 13.3 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | NVR | PHM |
|---|---|---|
| 2022 | -21.9% | -19.2% |
| 2023 | +51.8% | +128.8% |
| 2024 | +16.8% | +6.2% |
| 2025 | -10.8% | +8.5% |
| 2026 | -12.7% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and PHM good diversifiers for each other?
No: a correlation of 0.80 means NVR and PHM tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between NVR and PHM?
As of 2026-08-27, the correlation of weekly returns between NVR and PHM is 0.80 over 3 years, 0.77 over 1 year and 0.82 over 5 years.
Is PHM a good diversifier for NVR?
No: a correlation of 0.80 means NVR and PHM tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NVR correlations · PHM correlations
