BZH vs. PHM

Last updated Jun 3, 2026

BZH (Beazer Homes USA, Inc.) and PHM (PulteGroup, Inc.) are both stocks. Both operate in the Residential Construction industry within the Consumer Cyclical sector. Over the past 10 years, BZH returned 12.88%/yr vs 21.58%/yr for PHM. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

BZH vs. PHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beazer Homes USA, Inc. (BZH) and PulteGroup, Inc. (PHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BZH achieves a 30.69% return, which is significantly higher than PHM's 0.65% return. Over the past 10 years, BZH has underperformed PHM with an annualized return of 12.88%, while PHM has yielded a comparatively higher 21.58% annualized return.

BZH

• 1D: 2.44%
• 1M: 28.41%
• YTD: 30.69%
• 6M: 16.34%
• 1Y: 28.03%
• 3Y*: 7.07%
• 5Y*: 2.81%
• 10Y*: 12.88%

PHM

• 1D: 0.06%
• 1M: -1.21%
• YTD: 0.65%
• 6M: -6.55%
• 1Y: 21.69%
• 3Y*: 20.21%
• 5Y*: 17.02%
• 10Y*: 21.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BZH vs. PHM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BZH Beazer Homes USA, Inc.	30.69%	-26.18%	-18.73%	164.81%	-45.05%	53.27%	7.22%	49.05%	-50.65%	44.44%
PHM PulteGroup, Inc.	0.65%	8.54%	6.22%	128.76%	-19.22%	34.03%	12.55%	51.33%	-20.76%	83.43%

Correlation

The correlation between BZH and PHM is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Feb 24, 1994	0.63

The correlation between BZH and PHM shifts across timeframes, from 0.63 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BZH : $741.46M PHM : $22.83B
EPS BZH : $1.02 PHM : $10.36
PE Ratio BZH : 25.84 PHM : 11.36
PS Ratio BZH : 0.36 PHM : 1.38
PB Ratio BZH : 0.63 PHM : 1.76
Total Revenue (TTM) BZH : $2.11B PHM : $16.83B
Gross Profit (TTM) BZH : $275.68M PHM : $4.39B
EBITDA (TTM) BZH : $1.64M PHM : $2.76B

Return for Risk

BZH vs. PHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BZH

BZH Risk / Return Rank: 58
BZH Sharpe Ratio Rank: 57
BZH Sortino Ratio Rank: 59
BZH Omega Ratio Rank: 57
BZH Calmar Ratio Rank: 58
BZH Martin Ratio Rank: 59

PHM

PHM Risk / Return Rank: 59
PHM Sharpe Ratio Rank: 62
PHM Sortino Ratio Rank: 58
PHM Omega Ratio Rank: 54
PHM Calmar Ratio Rank: 60
PHM Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BZH vs. PHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beazer Homes USA, Inc. (BZH) and PulteGroup, Inc. (PHM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BZH	PHM	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.64	-0.15
Sortino ratio Return per unit of downside risk	1.23	1.24	0.00
Omega ratio Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	0.83	0.93	-0.10
Martin ratio Return relative to average drawdown	1.92	1.87	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BZH vs. PHM - Sharpe Ratio Comparison

The current BZH Sharpe Ratio is 0.49, which is comparable to the PHM Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BZH and PHM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BZH	PHM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.64	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.49	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.59	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.26	-0.25

Drawdowns

BZH vs. PHM - Drawdown Comparison

The maximum BZH drawdown since its inception was -99.69%, which is greater than PHM's maximum drawdown of -92.40%. Use the drawdown chart below to compare losses from any high point for BZH and PHM.

Drawdown Indicators

	BZH	PHM	Difference
Max Drawdown Largest peak-to-trough decline	-99.69%	-92.40%	-7.29%
Max Drawdown (1Y) Largest decline over 1 year	-34.98%	-22.60%	-12.38%
Max Drawdown (3Y) Largest decline over 3 years	-49.79%	-38.01%	-11.78%
Max Drawdown (5Y) Largest decline over 5 years	-59.04%	-38.01%	-21.03%
Max Drawdown (10Y) Largest decline over 10 years	-78.92%	-62.11%	-16.81%
Current Drawdown Current decline from peak	-92.40%	-20.03%	-72.37%
Average Drawdown Average peak-to-trough decline	-63.47%	-35.49%	-27.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.16%	11.28%	+3.88%

Volatility

BZH vs. PHM - Volatility Comparison

Beazer Homes USA, Inc. (BZH) has a higher volatility of 35.20% compared to PulteGroup, Inc. (PHM) at 8.82%. This indicates that BZH's price experiences larger fluctuations and is considered to be riskier than PHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BZH	PHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.20%	8.82%	+26.38%
Volatility (6M) Calculated over the trailing 6-month period	46.30%	23.17%	+23.13%
Volatility (1Y) Calculated over the trailing 1-year period	57.68%	33.98%	+23.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.66%	34.64%	+19.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.06%	36.47%	+18.59%

Dividends

BZH vs. PHM - Dividend Comparison

BZH has not paid dividends to shareholders, while PHM's dividend yield for the trailing twelve months is around 0.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BZH Beazer Homes USA, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHM PulteGroup, Inc.	0.82%	0.78%	0.75%	0.66%	1.34%	1.00%	1.16%	1.16%	1.46%	1.08%	1.96%	1.85%

Financials

BZH vs. PHM - Profitability Comparison

The chart below illustrates the profitability comparison between Beazer Homes USA, Inc. and PulteGroup, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BZH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Beazer Homes USA, Inc. reported a gross profit of 48.70M and revenue of 409.85M. Therefore, the gross margin over that period was 11.9%.

PHM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PulteGroup, Inc. reported a gross profit of 822.11M and revenue of 3.41B. Therefore, the gross margin over that period was 24.1%.

BZH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Beazer Homes USA, Inc. reported an operating income of -18.97M and revenue of 409.85M, resulting in an operating margin of -4.6%.

PHM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PulteGroup, Inc. reported an operating income of 441.77M and revenue of 3.41B, resulting in an operating margin of 13.0%.

BZH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Beazer Homes USA, Inc. reported a net income of 32.56M and revenue of 409.85M, resulting in a net margin of 8.0%.

PHM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PulteGroup, Inc. reported a net income of 347.00M and revenue of 3.41B, resulting in a net margin of 10.2%.

Frequently Asked Questions

Can I hold both BZH and PHM in my portfolio?

BZH and PHM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BZH or PHM?

BZH has higher volatility (35.20%) compared to PHM (8.82%). In terms of maximum drawdown, BZH dropped -99.69% vs PHM's -92.40%.

Which has better risk-adjusted returns?

PHM currently has the higher Sharpe Ratio (0.64 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.