LEN vs. ITB

Last updated Jul 14, 2026

LEN (Lennar Corporation) is a stock, while ITB (iShares U.S. Home Construction ETF) is Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index. Over the past 10 years, LEN returned 7.14%/yr vs 13.44%/yr for ITB. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

LEN vs. ITB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lennar Corporation (LEN) and iShares U.S. Home Construction ETF (ITB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEN achieves a -18.14% return, which is significantly lower than ITB's 0.36% return. Over the past 10 years, LEN has underperformed ITB with an annualized return of 7.14%, while ITB has yielded a comparatively higher 13.44% annualized return.

LEN

• 1D: -1.70%
• 1M: -7.71%
• 6M: -30.40%
• YTD: -18.14%
• 1Y: -25.84%
• 3Y*: -12.31%
• 5Y*: -0.77%
• 10Y*: 7.14%

ITB

• 1D: -1.49%
• 1M: -0.51%
• 6M: -10.42%
• YTD: 0.36%
• 1Y: -1.85%
• 3Y*: 3.64%
• 5Y*: 8.49%
• 10Y*: 13.44%

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

LEN vs. ITB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEN Lennar Corporation	-18.14%	-20.80%	-7.32%	66.92%	-20.64%	53.99%	37.97%	42.96%	-37.91%	50.28%
ITB iShares U.S. Home Construction ETF	0.36%	-5.26%	2.06%	68.91%	-26.26%	49.25%	26.42%	48.70%	-30.92%	59.65%

Correlation

The correlation between LEN and ITB is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since May 5, 2006	0.90

The correlation between LEN and ITB has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

LEN vs. ITB — Risk / Return Rank

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

LEN

LEN Risk / Return Rank: 18
LEN Sharpe Ratio Rank: 14
LEN Sortino Ratio Rank: 15
LEN Omega Ratio Rank: 17
LEN Calmar Ratio Rank: 21
LEN Martin Ratio Rank: 21

ITB

ITB Risk / Return Rank: 9
ITB Sharpe Ratio Rank: 9
ITB Sortino Ratio Rank: 9
ITB Omega Ratio Rank: 9
ITB Calmar Ratio Rank: 9
ITB Martin Ratio Rank: 9

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.

LEN vs. ITB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lennar Corporation (LEN) and iShares U.S. Home Construction ETF (ITB). 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.

	LEN	ITB	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	-0.06	-0.62
Sortino ratio: Return per unit of downside risk	-0.88	0.14	-1.02
Omega ratio: Gain probability vs. loss probability	0.90	1.02	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.63	-0.07	-0.55
Martin ratio: Return relative to average drawdown	-1.06	-0.13	-0.93

LEN vs. ITB - Sharpe Ratio Comparison

The current LEN Sharpe Ratio is -0.69, which is lower than the ITB Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of LEN and ITB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LEN vs. ITB - Drawdown Comparison

The maximum LEN drawdown since its inception was -94.28%, which is greater than ITB's maximum drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for LEN and ITB.

Drawdown Indicators

	LEN	ITB	Difference
Max Drawdown Largest peak-to-trough decline	-94.28%	-86.53%	-7.75%
Max Drawdown (1Y) Largest decline over 1 year	-41.39%	-26.04%	-15.35%
Max Drawdown (3Y) Largest decline over 3 years	-54.51%	-33.35%	-21.16%
Max Drawdown (5Y) Largest decline over 5 years	-54.51%	-40.55%	-13.96%
Max Drawdown (10Y) Largest decline over 10 years	-58.80%	-52.10%	-6.70%
Current Drawdown Current decline from peak	-53.93%	-23.92%	-30.01%
Average Drawdown Average peak-to-trough decline	-26.35%	-37.02%	+10.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.36%	14.00%	+10.36%

Volatility

LEN vs. ITB - Volatility Comparison

Lennar Corporation (LEN) has a higher volatility of 13.43% compared to iShares U.S. Home Construction ETF (ITB) at 10.84%. This indicates that LEN's price experiences larger fluctuations and is considered to be riskier than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEN	ITB	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.43%	10.84%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	27.61%	22.25%	+5.36%
Volatility (1Y) Calculated over the trailing 1-year period	37.85%	30.26%	+7.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.77%	29.51%	+5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.42%	30.14%	+7.28%

Dividends

LEN vs. ITB - Dividend Comparison

LEN's dividend yield for the trailing twelve months is around 2.41%, more than ITB's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITB iShares U.S. Home Construction ETF	0.67%	1.67%	0.46%	0.48%	0.86%	0.37%	0.46%	0.50%	0.63%	0.28%	0.43%	0.34%
LEN Lennar Corporation	2.41%	1.95%	1.47%	1.01%	1.66%	0.86%	0.82%	0.29%	0.41%	0.25%	0.37%	0.33%

Frequently Asked Questions

Can I hold both LEN and ITB in my portfolio?

LEN and ITB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEN or ITB?

LEN has higher volatility (13.43%) compared to ITB (10.84%). In terms of maximum drawdown, LEN dropped -94.28% vs ITB's -86.53%.

Which has better risk-adjusted returns?

ITB currently has the higher Sharpe Ratio (-0.06 vs -0.69), 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.