PHM vs WNC: Correlation
How closely do PulteGroup (PHM) and Wabash National Corporation (WNC) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and WNC?
Across a 3-year window, the weekly returns of PHM and WNC correlate at 0.53, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.53). Stretching to 5 years gives 0.51, with an annualized covariance of 848.1 %².
Within PHM's tracked universe of 47 assets, WNC comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WNC ahead by 21.5 points (-2.5% versus +19.0%). Risk is not evenly split, since WNC carries 1.5 times the volatility of the other side.
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 WNC: side by side
| PHM (PulteGroup) | WNC (Wabash National Corporation) | |
|---|---|---|
| 1-year return | -2.5% | +19.0% |
| 5-year return | +145.5% | -6.2% |
| Volatility (ann.) | 32.2% | 49.9% |
| Beta vs S&P 500 | 0.82 | 0.70 |
| Max drawdown (3Y) | -38.0% | -76.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.77% | 2.56% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | PHM | WNC |
|---|---|---|
| 2022 | -19.2% | +18.2% |
| 2023 | +128.8% | +14.9% |
| 2024 | +6.2% | -32.2% |
| 2025 | +8.5% | -48.1% |
| 2026 | +8.6% | +56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and WNC good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PHM and WNC?
As of 2026-08-27, the correlation of weekly returns between PHM and WNC is 0.53 over 3 years, 0.69 over 1 year and 0.51 over 5 years.
Is WNC a good diversifier for PHM?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/phm-vs-wnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/phm-vs-wnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PHM correlations · WNC correlations
