PHM vs ZBH: Correlation
Measured on weekly returns over the past three years, PulteGroup (PHM) and Zimmer Biomet (ZBH) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and ZBH?
On 3 years of weekly data the PHM/ZBH correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.50 over 3. The 5-year figure is 0.51, and annualized covariance runs at 400.8 %².
Among the 47 assets we track against PHM, ZBH ranks #30 by 3-year correlation. Neither side won the trailing year by much: -2.5% against -5.9%. Stability stands out here, with the rolling one-year correlation confined to 0.40 through 0.62.
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 ZBH: side by side
| PHM (PulteGroup) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | -2.5% | -5.9% |
| 5-year return | +145.5% | -28.6% |
| Volatility (ann.) | 32.2% | 24.9% |
| Beta vs S&P 500 | 0.82 | 0.51 |
| Max drawdown (3Y) | -38.0% | -38.8% |
| Market cap | – | $19.0B |
| P/E (trailing) | 13.3 | 24.6 |
| Dividend yield | 0.77% | 0.95% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | PHM | ZBH |
|---|---|---|
| 2022 | -19.2% | +4.2% |
| 2023 | +128.8% | -3.8% |
| 2024 | +6.2% | -12.5% |
| 2025 | +8.5% | -14.0% |
| 2026 | +8.6% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and ZBH good diversifiers for each other?
To a limited degree. At 0.50 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 PHM and ZBH?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.51 over the last year and 0.51 over 5 years.
Is ZBH a good diversifier for PHM?
To a limited degree. At 0.50 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 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/phm-vs-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/phm-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PHM correlations · ZBH correlations
