PHM vs SMG: Correlation
Measured on weekly returns over the past three years, PulteGroup (PHM) and Scotts Miracle-Gro Company (The) (SMG) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and SMG?
Over the past 3 years, PHM and SMG moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 651.7 %².
Among the 47 assets we track against PHM, SMG ranks #28 by 3-year correlation. Their 12-month results are close: -2.5% for PHM against +1.8% for SMG.
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.
PHM vs SMG: side by side
| PHM (PulteGroup) | SMG (Scotts Miracle-Gro Company (The)) | |
|---|---|---|
| 1-year return | -2.5% | +1.8% |
| 5-year return | +145.5% | -53.4% |
| Volatility (ann.) | 32.2% | 38.9% |
| Beta vs S&P 500 | 0.82 | 0.76 |
| Max drawdown (3Y) | -38.0% | -47.4% |
| Market cap | – | $3.5B |
| P/E (trailing) | 13.3 | 23.4 |
| Dividend yield | 0.77% | 4.30% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | PHM | SMG |
|---|---|---|
| 2022 | -19.2% | -68.8% |
| 2023 | +128.8% | +36.9% |
| 2024 | +6.2% | +8.3% |
| 2025 | +8.5% | -8.0% |
| 2026 | +8.6% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and SMG good diversifiers for each other?
Only partially. A correlation of 0.52 means PHM and SMG 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 PHM and SMG?
As of 2026-08-27, the correlation of weekly returns between PHM and SMG is 0.52 over 3 years, 0.59 over 1 year and 0.51 over 5 years.
Is SMG a good diversifier for PHM?
Only partially. A correlation of 0.52 means PHM and SMG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: PHM correlations · SMG correlations
