NL vs. MTH
NL (NL Industries, Inc.) and MTH (Meritage Homes Corporation) are both stocks. NL operates in Security & Protection Services (Industrials), while MTH operates in Residential Construction (Consumer Cyclical). Over the past 10 years, NL returned 11.64%/yr vs 15.76%/yr for MTH. At a 0.21 correlation, their price movements are largely independent.
Performance
NL vs. MTH - Performance Comparison
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Returns By Period
In the year-to-date period, NL achieves a 13.40% return, which is significantly lower than MTH's 16.73% return. Over the past 10 years, NL has underperformed MTH with an annualized return of 11.64%, while MTH has yielded a comparatively higher 15.76% annualized return.
NL
- 1D
- -1.15%
- 1M
- -14.66%
- YTD
- 13.40%
- 6M
- 9.02%
- 1Y
- 0.04%
- 3Y*
- 9.49%
- 5Y*
- 3.20%
- 10Y*
- 11.64%
MTH
- 1D
- 4.53%
- 1M
- 25.24%
- YTD
- 16.73%
- 6M
- 12.50%
- 1Y
- 24.47%
- 3Y*
- 7.25%
- 5Y*
- 11.16%
- 10Y*
- 15.76%
NL vs. MTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NL NL Industries, Inc. | 13.40% | -22.99% | 54.90% | -13.51% | -1.26% | 60.39% | 27.43% | 11.40% | -75.37% | 74.85% |
MTH Meritage Homes Corporation | 16.73% | -12.32% | -10.16% | 90.53% | -24.46% | 47.38% | 35.53% | 66.42% | -28.28% | 47.13% |
Correlation
The correlation between NL and MTH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1988 | 0.21 |
Fundamentals
NL:
$293.18M
MTH:
$5.10B
NL:
-$0.70
MTH:
$5.52
NL:
1.85
MTH:
0.94
NL:
0.82
MTH:
1.00
NL:
$158.58M
MTH:
$5.61B
NL:
$49.27M
MTH:
$1.05B
NL:
$3.36M
MTH:
$575.32M
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Return for Risk
NL vs. MTH — Risk / Return Rank
NL
MTH
NL vs. MTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NL Industries, Inc. (NL) and Meritage Homes Corporation (MTH). 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.
| NL | MTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 0.89 | -0.89 |
| Martin ratioReturn relative to average drawdown | 0.00 | 1.69 | -1.69 |
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Drawdowns
NL vs. MTH - Drawdown Comparison
The maximum NL drawdown since its inception was -89.08%, roughly equal to the maximum MTH drawdown of -93.22%. Use the drawdown chart below to compare losses from any high point for NL and MTH.
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Drawdown Indicators
| NL | MTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -93.22% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -33.22% | -27.68% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -38.90% | -42.95% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -52.49% | -46.77% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -84.70% | -64.27% | -20.43% |
Current DrawdownCurrent decline from peak | -47.74% | -25.99% | -21.75% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -47.56% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 14.48% | -2.58% |
Volatility
NL vs. MTH - Volatility Comparison
NL Industries, Inc. (NL) has a higher volatility of 29.94% compared to Meritage Homes Corporation (MTH) at 11.56%. This indicates that NL's price experiences larger fluctuations and is considered to be riskier than MTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NL | MTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.94% | 11.56% | +18.38% |
Volatility (6M)Calculated over the trailing 6-month period | 45.06% | 27.53% | +17.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.29% | 39.12% | +16.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.74% | 38.83% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.76% | 42.57% | +21.19% |
Dividends
NL vs. MTH - Dividend Comparison
NL's dividend yield for the trailing twelve months is around 9.83%, more than MTH's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MTH Meritage Homes Corporation | 2.40% | 2.61% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
NL NL Industries, Inc. | 9.83% | 10.42% | 9.65% | 4.99% | 9.25% | 3.24% | 3.35% |
Financials
NL vs. MTH - Financials Comparison
This section allows you to compare key financial metrics between NL Industries, Inc. and Meritage Homes Corporation. 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
NL vs. MTH - Profitability Comparison
NL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NL Industries, Inc. reported a gross profit of 13.25M and revenue of 40.57M. Therefore, the gross margin over that period was 32.7%.
MTH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Meritage Homes Corporation reported a gross profit of 193.80M and revenue of 1.12B. Therefore, the gross margin over that period was 17.4%.
NL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NL Industries, Inc. reported an operating income of 4.11M and revenue of 40.57M, resulting in an operating margin of 10.1%.
MTH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Meritage Homes Corporation reported an operating income of 142.40M and revenue of 1.12B, resulting in an operating margin of 12.8%.
NL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NL Industries, Inc. reported a net income of 4.34M and revenue of 40.57M, resulting in a net margin of 10.7%.
MTH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Meritage Homes Corporation reported a net income of 55.31M and revenue of 1.12B, resulting in a net margin of 5.0%.
Frequently Asked Questions
NL and MTH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NL has higher volatility (29.94%) compared to MTH (11.56%). In terms of maximum drawdown, NL dropped -89.08% vs MTH's -93.22%.
MTH currently has the higher Sharpe Ratio (0.63 vs 0.00), 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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