DHI vs. STLD
DHI (D.R. Horton, Inc.) and STLD (Steel Dynamics, Inc.) are both stocks. DHI operates in Residential Construction (Consumer Cyclical), while STLD operates in Steel (Basic Materials). Over the past 10 years, DHI returned 18.95%/yr vs 29.92%/yr for STLD. At a 0.32 correlation, their price movements are largely independent.
Performance
DHI vs. STLD - Performance Comparison
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Returns By Period
In the year-to-date period, DHI achieves a 7.61% return, which is significantly lower than STLD's 67.39% return. Over the past 10 years, DHI has underperformed STLD with an annualized return of 18.95%, while STLD has yielded a comparatively higher 29.92% annualized return.
DHI
- 1D
- -0.22%
- 1M
- 9.49%
- YTD
- 7.61%
- 6M
- -0.93%
- 1Y
- 23.48%
- 3Y*
- 11.11%
- 5Y*
- 12.82%
- 10Y*
- 18.95%
STLD
- 1D
- 1.15%
- 1M
- 19.27%
- YTD
- 67.39%
- 6M
- 65.42%
- 1Y
- 117.36%
- 3Y*
- 40.23%
- 5Y*
- 36.27%
- 10Y*
- 29.92%
DHI vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHI D.R. Horton, Inc. | 7.61% | 4.24% | -7.24% | 72.07% | -16.83% | 58.73% | 32.23% | 54.29% | -31.26% | 89.06% |
STLD Steel Dynamics, Inc. | 67.39% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between DHI and STLD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.32 |
Fundamentals
DHI:
$44.87B
STLD:
$40.94B
DHI:
$10.76
STLD:
$9.33
DHI:
14.32
STLD:
30.30
DHI:
1.36
STLD:
2.19
DHI:
1.85
STLD:
4.47
DHI:
$33.35B
STLD:
$19.01B
DHI:
$4.31B
STLD:
$2.66B
DHI:
$4.29B
STLD:
$2.23B
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Return for Risk
DHI vs. STLD — Risk / Return Rank
DHI
STLD
DHI vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for D.R. Horton, Inc. (DHI) and Steel Dynamics, Inc. (STLD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHI | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.50 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 5.81 | -4.95 |
| Martin ratioReturn relative to average drawdown | 1.50 | 19.49 | -17.99 |
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Drawdowns
DHI vs. STLD - Drawdown Comparison
The maximum DHI drawdown since its inception was -88.84%, roughly equal to the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for DHI and STLD.
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Drawdown Indicators
| DHI | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.84% | -87.05% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -27.56% | -20.33% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -41.28% | -28.66% | -12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -44.45% | -32.20% | -12.25% |
Max Drawdown (10Y)Largest decline over 10 years | -53.62% | -68.46% | +14.84% |
Current DrawdownCurrent decline from peak | -20.22% | 0.00% | -20.22% |
Average DrawdownAverage peak-to-trough decline | -27.91% | -33.27% | +5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 6.04% | +9.67% |
Volatility
DHI vs. STLD - Volatility Comparison
D.R. Horton, Inc. (DHI) has a higher volatility of 10.74% compared to Steel Dynamics, Inc. (STLD) at 9.70%. This indicates that DHI's price experiences larger fluctuations and is considered to be riskier than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHI | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.74% | 9.70% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 24.87% | 24.96% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.09% | 33.38% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.43% | 38.03% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 39.31% | -3.52% |
Dividends
DHI vs. STLD - Dividend Comparison
DHI's dividend yield for the trailing twelve months is around 1.14%, more than STLD's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHI D.R. Horton, Inc. | 1.14% | 1.15% | 0.93% | 0.69% | 1.04% | 0.76% | 1.05% | 1.18% | 1.51% | 0.83% | 1.24% | 0.84% |
STLD Steel Dynamics, Inc. | 0.72% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
DHI vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between D.R. Horton, Inc. and Steel Dynamics, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DHI vs. STLD - Profitability Comparison
DHI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, D.R. Horton, Inc. reported a gross profit of -1.59B and revenue of 7.56B. Therefore, the gross margin over that period was -21.1%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a gross profit of 763.22M and revenue of 5.20B. Therefore, the gross margin over that period was 14.7%.
DHI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, D.R. Horton, Inc. reported an operating income of -729.60M and revenue of 7.56B, resulting in an operating margin of -9.7%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
DHI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, D.R. Horton, Inc. reported a net income of 647.90M and revenue of 7.56B, resulting in a net margin of 8.6%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a net income of 403.44M and revenue of 5.20B, resulting in a net margin of 7.8%.
Frequently Asked Questions
DHI and STLD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHI has higher volatility (10.74%) compared to STLD (9.70%). In terms of maximum drawdown, DHI dropped -88.84% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (3.54 vs 0.60), 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.
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