D.R. Horton Inc. vs PulteGroup Inc.
Measured twinDHI / PHMPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($38B vs $21B) in Nasdaq's "Homebuilding" industry; SEC SIC 1531 / 1531 (same major group); #1 and #2 by market value ($38B vs $21B) with SEC SIC 1531 (Operative Builders).
The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.
- no divergence: z = 0.91 (needs |z| >= 2.0)
Business leadership
DHI is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | DHI | PHM | Larger |
|---|---|---|---|
| 2025 | $34.3B | $17.3B | DHI |
| 2024 | $36.8B | $17.9B | DHI |
| 2023 | $35.5B | $16.1B | DHI |
| 2022 | $33.5B | $16.0B | DHI |
| 2021 | $27.8B | $13.7B | DHI |
| 2020 | $20.3B | $11.0B | DHI |
DHI led in every year with figures for both. Market value: DHI $37.8B, PHM $20.8B.
Stock leadership
DHI is ahead now
Measured against the pair's own last 252 trading days.
DHI leads PHM by 0.91 standard deviations: +3.0% over its usual price ratio. 6 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| DHI | +0.6% | -10.1% | -6.9% |
| PHM | -7.2% | -8.5% | -3.1% |
Relationship
The gap has closed before
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.91 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -3.08 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 14.91 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
DHI D.R. Horton Inc. PHM PulteGroup Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: DHI relative to PHM, against the 252 sessions before each day. Above 0: DHI ahead; below 0: PHM ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | DHI index | PHM index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 75.89 | 80.17 | +0.91 | DHI ahead |
| 2026-10-21 | 71.43 | 75.74 | +0.79 | DHI ahead |
| 2026-10-20 | 72.04 | 76.85 | +0.61 | DHI ahead |
| 2026-10-19 | 69.55 | 74.41 | +0.51 | DHI ahead |
| 2026-10-16 | 71.64 | 76.19 | +0.69 | DHI ahead |
| 2026-10-15 | 71.73 | 75.81 | +0.87 | DHI ahead |
| 2026-10-14 | 68.69 | 73.37 | +0.55 | DHI ahead |
| 2026-10-13 | 69.62 | 74.87 | +0.34 | near the usual relationship |
| 2026-10-12 | 69.02 | 74.57 | +0.20 | near the usual relationship |
| 2026-10-09 | 69.33 | 75.23 | +0.07 | near the usual relationship |
| 2026-10-08 | 69.81 | 76.17 | -0.10 | near the usual relationship |
| 2026-10-07 | 68.50 | 75.37 | -0.35 | near the usual relationship |
| 2026-10-06 | 70.29 | 77.90 | -0.57 | PHM ahead |
| 2026-10-05 | 68.48 | 76.48 | -0.81 | PHM ahead |
| 2026-10-02 | 69.39 | 77.65 | -0.87 | PHM ahead |
| 2026-10-01 | 70.45 | 78.07 | -0.59 | PHM ahead |
| 2026-09-30 | 70.24 | 77.87 | -0.61 | PHM ahead |
| 2026-09-29 | 71.65 | 79.51 | -0.64 | PHM ahead |
| 2026-09-28 | 71.66 | 79.93 | -0.80 | PHM ahead |
| 2026-09-25 | 72.73 | 80.41 | -0.55 | PHM ahead |
| 2026-09-24 | 72.14 | 79.29 | -0.39 | near the usual relationship |
| 2026-09-23 | 72.04 | 79.65 | -0.56 | PHM ahead |
| 2026-09-22 | 74.07 | 82.05 | -0.62 | PHM ahead |
| 2026-09-21 | 71.57 | 79.82 | -0.82 | PHM ahead |
| 2026-09-18 | 70.94 | 78.68 | -0.67 | PHM ahead |
| 2026-09-17 | 72.15 | 79.74 | -0.58 | PHM ahead |
| 2026-09-16 | 71.09 | 78.87 | -0.69 | PHM ahead |
| 2026-09-15 | 72.06 | 80.16 | -0.77 | PHM ahead |
| 2026-09-14 | 71.65 | 79.80 | -0.81 | PHM ahead |
| 2026-09-11 | 70.87 | 79.35 | -0.96 | PHM ahead |
| 2026-09-10 | 69.68 | 78.11 | -0.99 | PHM ahead |
| 2026-09-09 | 71.41 | 79.80 | -0.92 | PHM ahead |
| 2026-09-08 | 71.18 | 80.56 | -1.27 | PHM ahead |
| 2026-09-04 | 73.37 | 83.50 | -1.42 | PHM ahead |
| 2026-09-03 | 74.22 | 83.41 | -1.09 | PHM ahead |
| 2026-09-02 | 73.12 | 83.00 | -1.37 | PHM ahead |
| 2026-09-01 | 72.66 | 82.62 | -1.42 | PHM ahead |
| 2026-08-31 | 74.30 | 84.76 | -1.52 | PHM ahead |
| 2026-08-28 | 75.76 | 86.25 | -1.48 | PHM ahead |
| 2026-08-27 | 74.66 | 85.04 | -1.51 | PHM ahead |
| 2026-08-26 | 76.71 | 87.25 | -1.48 | PHM ahead |
| 2026-08-25 | 77.51 | 87.80 | -1.38 | PHM ahead |
| 2026-08-24 | 76.57 | 86.96 | -1.46 | PHM ahead |
| 2026-08-21 | 76.25 | 86.55 | -1.46 | PHM ahead |
| 2026-08-20 | 75.72 | 85.66 | -1.38 | PHM ahead |
| 2026-08-19 | 78.05 | 87.68 | -1.21 | PHM ahead |
| 2026-08-18 | 74.88 | 84.57 | -1.36 | PHM ahead |
| 2026-08-17 | 76.24 | 86.21 | -1.40 | PHM ahead |
| 2026-08-14 | 76.49 | 87.35 | -1.68 | PHM ahead |
| 2026-08-13 | 77.04 | 87.59 | -1.57 | PHM ahead |
| 2026-08-12 | 74.95 | 86.66 | -2.04 | PHM ahead |
| 2026-08-11 | 77.50 | 88.85 | -1.83 | PHM ahead |
| 2026-08-10 | 75.38 | 87.26 | -2.11 | PHM ahead |
| 2026-08-07 | 77.65 | 89.17 | -1.92 | PHM ahead |
| 2026-08-06 | 75.05 | 86.92 | -2.18 | PHM ahead |
| 2026-08-05 | 77.84 | 89.24 | -1.92 | PHM ahead |
| 2026-08-04 | 77.29 | 88.35 | -1.86 | PHM ahead |
| 2026-08-03 | 75.38 | 86.75 | -2.07 | PHM ahead |
| 2026-07-31 | 73.53 | 84.86 | -2.17 | PHM ahead |
| 2026-07-30 | 74.80 | 86.38 | -2.22 | PHM ahead |
| 2026-07-29 | 75.64 | 88.77 | -2.72 | PHM ahead |
| 2026-07-28 | 77.69 | 90.41 | -2.52 | PHM ahead |
| 2026-07-27 | 75.89 | 87.62 | -2.33 | PHM ahead |
| 2026-07-24 | 75.43 | 86.39 | -2.13 | PHM ahead |
| 2026-07-23 | 73.05 | 83.65 | -2.15 | PHM ahead |
| 2026-07-22 | 73.25 | 85.04 | -2.60 | PHM ahead |
| 2026-07-21 | 73.77 | 83.37 | -1.82 | PHM ahead |
| 2026-07-20 | 74.42 | 82.65 | -1.30 | PHM ahead |
| 2026-07-17 | 76.78 | 84.59 | -1.07 | PHM ahead |
| 2026-07-16 | 79.37 | 86.57 | -0.77 | PHM ahead |
| 2026-07-15 | 77.89 | 84.13 | -0.47 | near the usual relationship |
| 2026-07-14 | 77.09 | 83.57 | -0.58 | PHM ahead |
| 2026-07-13 | 76.51 | 83.03 | -0.62 | PHM ahead |
| 2026-07-10 | 77.91 | 83.70 | -0.31 | near the usual relationship |
| 2026-07-09 | 76.87 | 83.01 | -0.47 | near the usual relationship |
| 2026-07-08 | 76.33 | 82.49 | -0.49 | near the usual relationship |
| 2026-07-07 | 80.04 | 87.17 | -0.72 | PHM ahead |
| 2026-07-06 | 80.63 | 88.15 | -0.84 | PHM ahead |
| 2026-07-02 | 81.50 | 89.69 | -1.04 | PHM ahead |
| 2026-07-01 | 80.73 | 88.96 | -1.09 | PHM ahead |
| 2026-06-30 | 83.72 | 92.06 | -1.03 | PHM ahead |
| 2026-06-29 | 84.41 | 92.55 | -0.95 | PHM ahead |
| 2026-06-26 | 85.47 | 92.33 | -0.50 | PHM ahead |
| 2026-06-25 | 85.81 | 91.12 | +0.02 | near the usual relationship |
| 2026-06-24 | 85.58 | 91.06 | -0.04 | near the usual relationship |
| 2026-06-23 | 80.22 | 84.91 | +0.12 | near the usual relationship |
| 2026-06-22 | 80.15 | 84.29 | +0.32 | near the usual relationship |
| 2026-06-18 | 81.11 | 85.19 | +0.36 | near the usual relationship |
| 2026-06-17 | 78.37 | 81.78 | +0.56 | DHI ahead |
| 2026-06-16 | 80.35 | 83.71 | +0.61 | DHI ahead |
| 2026-06-15 | 79.71 | 82.42 | +0.84 | DHI ahead |
| 2026-06-12 | 79.20 | 82.64 | +0.57 | DHI ahead |
| 2026-06-11 | 79.37 | 83.20 | +0.44 | near the usual relationship |
| 2026-06-10 | 75.41 | 79.50 | +0.26 | near the usual relationship |
| 2026-06-09 | 77.65 | 82.38 | +0.08 | near the usual relationship |
| 2026-06-08 | 74.16 | 78.98 | -0.04 | near the usual relationship |
| 2026-06-05 | 74.84 | 79.44 | +0.06 | near the usual relationship |
| 2026-06-04 | 75.25 | 79.32 | +0.28 | near the usual relationship |
| 2026-06-03 | 74.27 | 78.64 | +0.15 | near the usual relationship |
| 2026-06-02 | 76.02 | 79.02 | +0.71 | DHI ahead |
| 2026-06-01 | 75.54 | 78.97 | +0.54 | DHI ahead |
| 2026-05-29 | 75.60 | 79.29 | +0.45 | near the usual relationship |
| 2026-05-28 | 75.51 | 79.18 | +0.46 | near the usual relationship |
| 2026-05-27 | 75.97 | 79.91 | +0.37 | near the usual relationship |
| 2026-05-26 | 74.84 | 79.07 | +0.24 | near the usual relationship |
| 2026-05-22 | 73.87 | 78.12 | +0.21 | near the usual relationship |
| 2026-05-21 | 74.09 | 78.03 | +0.34 | near the usual relationship |
| 2026-05-20 | 72.86 | 78.01 | -0.16 | near the usual relationship |
| 2026-05-19 | 69.24 | 74.51 | -0.31 | near the usual relationship |
| 2026-05-18 | 70.67 | 75.00 | +0.11 | near the usual relationship |
| 2026-05-15 | 69.59 | 73.88 | +0.10 | near the usual relationship |
| 2026-05-14 | 71.63 | 76.40 | -0.03 | near the usual relationship |
| 2026-05-13 | 72.33 | 75.80 | +0.50 | DHI ahead |
| 2026-05-12 | 73.64 | 76.86 | +0.63 | DHI ahead |
| 2026-05-11 | 74.51 | 77.46 | +0.75 | DHI ahead |
| 2026-05-08 | 75.88 | 78.87 | +0.76 | DHI ahead |
| 2026-05-07 | 75.03 | 78.38 | +0.62 | DHI ahead |
| 2026-05-06 | 76.67 | 80.58 | +0.44 | near the usual relationship |
| 2026-05-05 | 75.28 | 79.15 | +0.43 | near the usual relationship |
| 2026-05-04 | 73.77 | 77.26 | +0.55 | DHI ahead |
| 2026-05-01 | 77.09 | 79.99 | +0.83 | DHI ahead |
| 2026-04-30 | 79.08 | 82.10 | +0.82 | DHI ahead |
| 2026-04-29 | 77.95 | 80.99 | +0.80 | DHI ahead |
| 2026-04-28 | 80.39 | 83.82 | +0.70 | DHI ahead |
| 2026-04-27 | 81.89 | 86.07 | +0.46 | near the usual relationship |
| 2026-04-24 | 82.19 | 85.59 | +0.74 | DHI ahead |
| 2026-04-23 | 84.41 | 87.65 | +0.83 | DHI ahead |
| 2026-04-22 | 82.84 | 85.59 | +0.98 | DHI ahead |
| 2026-04-21 | 83.37 | 86.31 | +0.91 | DHI ahead |
| 2026-04-20 | 78.81 | 85.48 | -0.50 | PHM ahead |
| 2026-04-17 | 77.00 | 84.90 | -1.00 | PHM ahead |
| 2026-04-16 | 73.68 | 80.83 | -0.85 | PHM ahead |
| 2026-04-15 | 74.12 | 81.07 | -0.77 | PHM ahead |
| 2026-04-14 | 74.66 | 82.31 | -1.02 | PHM ahead |
| 2026-04-13 | 74.18 | 81.69 | -0.99 | PHM ahead |
| 2026-04-10 | 73.31 | 80.74 | -1.00 | PHM ahead |
| 2026-04-09 | 73.88 | 82.01 | -1.25 | PHM ahead |
| 2026-04-08 | 73.33 | 80.81 | -1.03 | PHM ahead |
| 2026-04-07 | 70.45 | 77.22 | -0.88 | PHM ahead |
| 2026-04-06 | 72.84 | 80.40 | -1.10 | PHM ahead |
| 2026-04-02 | 71.80 | 78.70 | -0.89 | PHM ahead |
| 2026-04-01 | 71.06 | 78.60 | -1.18 | PHM ahead |
| 2026-03-31 | 70.53 | 78.91 | -1.54 | PHM ahead |
| 2026-03-30 | 68.12 | 76.30 | -1.59 | PHM ahead |
| 2026-03-27 | 68.97 | 76.91 | -1.47 | PHM ahead |
| 2026-03-26 | 69.88 | 78.58 | -1.74 | PHM ahead |
| 2026-03-25 | 70.77 | 79.29 | -1.64 | PHM ahead |
| 2026-03-24 | 71.10 | 79.23 | -1.49 | PHM ahead |
| 2026-03-23 | 71.35 | 79.60 | -1.54 | PHM ahead |
| 2026-03-20 | 68.42 | 76.86 | -1.77 | PHM ahead |
| 2026-03-19 | 70.92 | 79.07 | -1.55 | PHM ahead |
| 2026-03-18 | 70.54 | 78.56 | -1.52 | PHM ahead |
| 2026-03-17 | 73.06 | 81.83 | -1.73 | PHM ahead |
| 2026-03-16 | 73.03 | 81.97 | -1.81 | PHM ahead |
| 2026-03-13 | 72.21 | 79.97 | -1.39 | PHM ahead |
| 2026-03-12 | 71.46 | 80.82 | -2.10 | PHM ahead |
| 2026-03-11 | 73.33 | 82.78 | -2.07 | PHM ahead |
| 2026-03-10 | 74.67 | 83.46 | -1.76 | PHM ahead |
| 2026-03-09 | 75.91 | 84.98 | -1.83 | PHM ahead |
| 2026-03-06 | 75.69 | 85.78 | -2.27 | PHM ahead |
| 2026-03-05 | 77.04 | 86.99 | -2.17 | PHM ahead |
| 2026-03-04 | 78.48 | 88.69 | -2.23 | PHM ahead |
| 2026-03-03 | 78.44 | 88.59 | -2.24 | PHM ahead |
| 2026-03-02 | 79.36 | 89.72 | -2.31 | PHM ahead |
| 2026-02-27 | 82.44 | 92.06 | -1.89 | PHM ahead |
| 2026-02-26 | 81.71 | 91.02 | -1.83 | PHM ahead |
| 2026-02-25 | 80.93 | 90.32 | -1.91 | PHM ahead |
| 2026-02-24 | 84.27 | 94.54 | -2.13 | PHM ahead |
| 2026-02-23 | 84.42 | 94.08 | -1.90 | PHM ahead |
| 2026-02-20 | 84.35 | 93.95 | -1.90 | PHM ahead |
| 2026-02-19 | 84.18 | 93.67 | -1.89 | PHM ahead |
| 2026-02-18 | 85.96 | 95.34 | -1.78 | PHM ahead |
| 2026-02-17 | 85.47 | 94.99 | -1.87 | PHM ahead |
| 2026-02-13 | 86.24 | 95.65 | -1.81 | PHM ahead |
| 2026-02-12 | 84.60 | 93.19 | -1.56 | PHM ahead |
| 2026-02-11 | 84.22 | 93.48 | -1.87 | PHM ahead |
| 2026-02-10 | 83.41 | 92.14 | -1.70 | PHM ahead |
| 2026-02-09 | 78.90 | 88.82 | -2.45 | PHM ahead |
| 2026-02-06 | 80.32 | 90.64 | -2.59 | PHM ahead |
| 2026-02-05 | 81.28 | 89.94 | -1.85 | PHM ahead |
| 2026-02-04 | 81.32 | 90.29 | -2.01 | PHM ahead |
| 2026-02-03 | 79.07 | 87.53 | -1.91 | PHM ahead |
| 2026-02-02 | 76.98 | 85.26 | -1.95 | PHM ahead |
| 2026-01-30 | 76.50 | 83.93 | -1.59 | PHM ahead |
| 2026-01-29 | 77.31 | 85.39 | -1.88 | PHM ahead |
| 2026-01-28 | 77.18 | 82.71 | -0.66 | PHM ahead |
| 2026-01-27 | 76.37 | 83.12 | -1.30 | PHM ahead |
| 2026-01-26 | 77.10 | 83.92 | -1.31 | PHM ahead |
| 2026-01-23 | 77.36 | 83.98 | -1.21 | PHM ahead |
| 2026-01-22 | 80.05 | 85.73 | -0.67 | PHM ahead |
| 2026-01-21 | 81.27 | 87.20 | -0.75 | PHM ahead |
| 2026-01-20 | 78.74 | 85.08 | -1.05 | PHM ahead |
| 2026-01-16 | 80.16 | 87.38 | -1.41 | PHM ahead |
| 2026-01-15 | 82.75 | 89.15 | -0.94 | PHM ahead |
| 2026-01-14 | 81.88 | 87.71 | -0.72 | PHM ahead |
| 2026-01-13 | 82.67 | 89.68 | -1.24 | PHM ahead |
| 2026-01-12 | 82.09 | 89.39 | -1.41 | PHM ahead |
| 2026-01-09 | 80.84 | 88.70 | -1.74 | PHM ahead |
| 2026-01-08 | 74.99 | 82.64 | -1.93 | PHM ahead |
| 2026-01-07 | 71.60 | 78.70 | -1.85 | PHM ahead |
| 2026-01-06 | 74.27 | 81.29 | -1.69 | PHM ahead |
| 2026-01-05 | 75.29 | 80.42 | -0.68 | PHM ahead |
| 2026-01-02 | 74.90 | 79.89 | -0.63 | PHM ahead |
| 2025-12-31 | 74.03 | 78.68 | -0.48 | near the usual relationship |
| 2025-12-30 | 74.80 | 79.26 | -0.36 | near the usual relationship |
| 2025-12-29 | 75.02 | 79.64 | -0.44 | near the usual relationship |
| 2025-12-26 | 75.21 | 79.98 | -0.52 | PHM ahead |
| 2025-12-24 | 75.36 | 80.08 | -0.49 | near the usual relationship |
| 2025-12-23 | 74.25 | 78.76 | -0.42 | near the usual relationship |
| 2025-12-22 | 74.72 | 79.92 | -0.77 | PHM ahead |
| 2025-12-19 | 75.65 | 80.34 | -0.49 | near the usual relationship |
| 2025-12-18 | 77.82 | 81.63 | +0.02 | near the usual relationship |
| 2025-12-17 | 78.13 | 82.39 | -0.20 | near the usual relationship |
| 2025-12-16 | 79.73 | 83.46 | +0.10 | near the usual relationship |
| 2025-12-15 | 80.42 | 84.88 | -0.24 | near the usual relationship |
| 2025-12-12 | 80.41 | 84.83 | -0.22 | near the usual relationship |
| 2025-12-11 | 79.77 | 85.59 | -0.92 | PHM ahead |
| 2025-12-10 | 79.81 | 85.82 | -1.02 | PHM ahead |
| 2025-12-09 | 76.76 | 82.56 | -1.03 | PHM ahead |
| 2025-12-08 | 78.35 | 83.79 | -0.81 | PHM ahead |
| 2025-12-05 | 81.53 | 85.21 | +0.15 | near the usual relationship |
| 2025-12-04 | 82.61 | 85.81 | +0.40 | near the usual relationship |
| 2025-12-03 | 84.81 | 87.45 | +0.71 | DHI ahead |
| 2025-12-02 | 81.45 | 84.91 | +0.25 | near the usual relationship |
| 2025-12-01 | 80.89 | 85.33 | -0.24 | near the usual relationship |
| 2025-11-28 | 81.73 | 85.34 | +0.19 | near the usual relationship |
| 2025-11-26 | 80.57 | 85.61 | -0.54 | PHM ahead |
| 2025-11-25 | 79.43 | 84.35 | -0.52 | PHM ahead |
| 2025-11-24 | 75.08 | 80.03 | -0.68 | PHM ahead |
| 2025-11-21 | 75.41 | 80.73 | -0.87 | PHM ahead |
| 2025-11-20 | 70.58 | 76.72 | -1.51 | PHM ahead |
| 2025-11-19 | 70.69 | 76.33 | -1.24 | PHM ahead |
| 2025-11-18 | 71.16 | 76.15 | -0.87 | PHM ahead |
| 2025-11-17 | 70.81 | 76.41 | -1.23 | PHM ahead |
| 2025-11-14 | 73.21 | 79.42 | -1.47 | PHM ahead |
| 2025-11-13 | 73.70 | 79.46 | -1.21 | PHM ahead |
| 2025-11-12 | 75.06 | 80.94 | -1.23 | PHM ahead |
| 2025-11-11 | 75.55 | 81.33 | -1.17 | PHM ahead |
| 2025-11-10 | 74.31 | 80.63 | -1.52 | PHM ahead |
| 2025-11-07 | 74.41 | 80.35 | -1.32 | PHM ahead |
| 2025-11-06 | 74.64 | 79.80 | -0.91 | PHM ahead |
| 2025-11-05 | 74.67 | 80.15 | -1.08 | PHM ahead |
| 2025-11-04 | 74.83 | 80.27 | -1.06 | PHM ahead |
| 2025-11-03 | 74.56 | 79.68 | -0.91 | PHM ahead |
| 2025-10-31 | 76.62 | 80.43 | -0.18 | near the usual relationship |
| 2025-10-30 | 76.73 | 79.87 | +0.15 | near the usual relationship |
| 2025-10-29 | 76.22 | 79.33 | +0.14 | near the usual relationship |
| 2025-10-28 | 79.02 | 81.01 | +0.72 | DHI ahead |
| 2025-10-27 | 81.65 | 80.72 | +2.10 | DHI ahead |
| 2025-10-24 | 81.18 | 80.87 | +1.78 | DHI ahead |
| 2025-10-23 | 81.49 | 81.09 | +1.83 | DHI ahead |
| 2025-10-22 | 81.32 | 80.66 | +1.96 | DHI ahead |
| 2025-10-21 | 81.53 | 82.71 | +1.10 | DHI ahead |
| 2025-10-20 | 79.03 | 82.71 | -0.10 | near the usual relationship |
| 2025-10-17 | 78.99 | 83.50 | -0.48 | near the usual relationship |
| 2025-10-16 | 78.60 | 83.12 | -0.51 | PHM ahead |
| 2025-10-15 | 79.79 | 83.66 | -0.19 | near the usual relationship |
| 2025-10-14 | 80.56 | 83.80 | +0.10 | near the usual relationship |
| 2025-10-13 | 78.43 | 80.84 | +0.42 | near the usual relationship |
| 2025-10-10 | 77.91 | 80.54 | +0.30 | near the usual relationship |
| 2025-10-09 | 77.81 | 81.46 | -0.16 | near the usual relationship |
| 2025-10-08 | 81.55 | 85.65 | -0.29 | near the usual relationship |
| 2025-10-07 | 82.83 | 86.96 | -0.27 | near the usual relationship |
| 2025-10-06 | 88.16 | 90.90 | +0.35 | near the usual relationship |
| 2025-10-03 | 89.92 | 92.33 | +0.49 | near the usual relationship |
| 2025-10-02 | 88.13 | 90.50 | +0.48 | near the usual relationship |
| 2025-10-01 | 88.63 | 90.20 | +0.77 | DHI ahead |
| 2025-09-30 | 87.10 | 88.65 | +0.76 | DHI ahead |
| 2025-09-29 | 87.29 | 89.33 | +0.56 | DHI ahead |
| 2025-09-26 | 85.94 | 88.00 | +0.53 | DHI ahead |
| 2025-09-25 | 84.81 | 86.38 | +0.69 | DHI ahead |
| 2025-09-24 | 86.07 | 87.83 | +0.62 | DHI ahead |
| 2025-09-23 | 85.46 | 87.26 | +0.58 | DHI ahead |
| 2025-09-22 | 84.41 | 86.71 | +0.37 | near the usual relationship |
| 2025-09-19 | 86.50 | 88.50 | +0.48 | near the usual relationship |
| 2025-09-18 | 87.18 | 89.98 | +0.19 | near the usual relationship |
| 2025-09-17 | 87.37 | 89.98 | +0.24 | near the usual relationship |
| 2025-09-16 | 88.25 | 89.82 | +0.57 | DHI ahead |
| 2025-09-15 | 88.45 | 90.47 | +0.41 | near the usual relationship |
| 2025-09-12 | 91.42 | 91.99 | +0.85 | DHI ahead |
| 2025-09-11 | 93.04 | 93.04 | +0.99 | DHI ahead |
| 2025-09-10 | 90.53 | 90.85 | +0.87 | DHI ahead |
| 2025-09-09 | 91.43 | 91.73 | +0.84 | DHI ahead |
| 2025-09-08 | 94.59 | 94.89 | +0.82 | DHI ahead |
| 2025-09-05 | 93.44 | 94.32 | +0.64 | DHI ahead |
| 2025-09-04 | 90.82 | 92.33 | +0.43 | near the usual relationship |
| 2025-09-03 | 88.49 | 89.44 | +0.56 | DHI ahead |
| 2025-09-02 | 87.51 | 88.63 | +0.49 | near the usual relationship |
| 2025-08-29 | 87.11 | 88.58 | +0.38 | near the usual relationship |
| 2025-08-28 | 86.82 | 88.21 | +0.38 | near the usual relationship |
| 2025-08-27 | 86.09 | 87.92 | +0.25 | near the usual relationship |
| 2025-08-26 | 86.54 | 87.98 | +0.34 | near the usual relationship |
| 2025-08-25 | 86.84 | 88.75 | +0.21 | near the usual relationship |
| 2025-08-22 | 87.73 | 88.79 | +0.40 | near the usual relationship |
| 2025-08-21 | 83.20 | 84.12 | +0.41 | near the usual relationship |
| 2025-08-20 | 83.97 | 84.90 | +0.39 | near the usual relationship |
| 2025-08-19 | 86.41 | 87.47 | +0.35 | near the usual relationship |
| 2025-08-18 | 84.89 | 86.02 | +0.32 | near the usual relationship |
| 2025-08-15 | 85.13 | 86.35 | +0.29 | near the usual relationship |
| 2025-08-14 | 84.24 | 86.25 | +0.09 | near the usual relationship |
| 2025-08-13 | 85.09 | 87.20 | +0.07 | near the usual relationship |
| 2025-08-12 | 81.34 | 82.75 | +0.20 | near the usual relationship |
| 2025-08-11 | 79.65 | 80.65 | +0.28 | near the usual relationship |
| 2025-08-08 | 80.44 | 81.62 | +0.24 | near the usual relationship |
| 2025-08-07 | 79.10 | 80.96 | +0.06 | near the usual relationship |
| 2025-08-06 | 79.18 | 80.67 | +0.14 | near the usual relationship |
| 2025-08-05 | 79.58 | 81.20 | +0.10 | near the usual relationship |
| 2025-08-04 | 78.78 | 80.09 | +0.17 | near the usual relationship |
| 2025-08-01 | 77.25 | 78.33 | +0.21 | near the usual relationship |
| 2025-07-31 | 73.42 | 75.76 | -0.12 | near the usual relationship |
| 2025-07-30 | 73.66 | 76.06 | -0.14 | near the usual relationship |
| 2025-07-29 | 75.73 | 78.54 | -0.23 | near the usual relationship |
| 2025-07-28 | 75.14 | 78.38 | -0.34 | near the usual relationship |
| 2025-07-25 | 74.69 | 78.07 | -0.39 | near the usual relationship |
| 2025-07-24 | 74.37 | 77.85 | -0.42 | near the usual relationship |
| 2025-07-23 | 76.16 | 80.03 | -0.50 | PHM ahead |
| 2025-07-22 | 78.90 | 81.30 | -0.15 | near the usual relationship |
| 2025-07-21 | 67.44 | 72.90 | -1.03 | PHM ahead |
| 2025-07-18 | 67.74 | 72.91 | -0.95 | PHM ahead |
| 2025-07-17 | 67.67 | 73.32 | -1.09 | PHM ahead |
| 2025-07-16 | 67.59 | 73.33 | -1.12 | PHM ahead |
| 2025-07-15 | 66.72 | 72.46 | -1.15 | PHM ahead |
| 2025-07-14 | 69.95 | 75.71 | -1.09 | PHM ahead |
| 2025-07-11 | 70.32 | 76.67 | -1.24 | PHM ahead |
| 2025-07-10 | 71.76 | 77.28 | -1.01 | PHM ahead |
| 2025-07-09 | 71.14 | 76.34 | -0.95 | PHM ahead |
| 2025-07-08 | 67.52 | 73.05 | -1.12 | PHM ahead |
| 2025-07-07 | 67.32 | 72.56 | -1.05 | PHM ahead |
| 2025-07-03 | 67.79 | 73.38 | -1.14 | PHM ahead |
| 2025-07-02 | 69.70 | 74.70 | -0.96 | PHM ahead |
| 2025-07-01 | 68.82 | 73.77 | -0.97 | PHM ahead |
| 2025-06-30 | 66.26 | 70.76 | -0.90 | PHM ahead |
| 2025-06-27 | 66.14 | 70.80 | -0.95 | PHM ahead |
| 2025-06-26 | 65.35 | 70.08 | -0.99 | PHM ahead |
| 2025-06-25 | 65.42 | 69.48 | -0.81 | PHM ahead |
| 2025-06-24 | 66.63 | 70.78 | -0.82 | PHM ahead |
| 2025-06-23 | 66.13 | 70.35 | -0.85 | PHM ahead |
| 2025-06-20 | 63.84 | 68.08 | -0.90 | PHM ahead |
| 2025-06-18 | 62.34 | 66.52 | -0.91 | PHM ahead |
| 2025-06-17 | 61.64 | 66.24 | -1.05 | PHM ahead |
| 2025-06-16 | 63.55 | 68.72 | -1.17 | PHM ahead |
| 2025-06-13 | 63.26 | 68.18 | -1.11 | PHM ahead |
| 2025-06-12 | 64.88 | 69.88 | -1.11 | PHM ahead |
| 2025-06-11 | 64.15 | 69.39 | -1.20 | PHM ahead |
| 2025-06-10 | 65.24 | 70.47 | -1.17 | PHM ahead |
| 2025-06-09 | 63.04 | 68.08 | -1.18 | PHM ahead |
| 2025-06-06 | 62.06 | 67.25 | -1.25 | PHM ahead |
| 2025-06-05 | 63.09 | 68.20 | -1.21 | PHM ahead |
| 2025-06-04 | 63.49 | 68.35 | -1.14 | PHM ahead |
| 2025-06-03 | 60.83 | 66.20 | -1.36 | PHM ahead |
| 2025-06-02 | 60.08 | 65.45 | -1.39 | PHM ahead |
| 2025-05-30 | 60.68 | 65.77 | -1.29 | PHM ahead |
| 2025-05-29 | 60.79 | 66.12 | -1.37 | PHM ahead |
| 2025-05-28 | 60.34 | 65.56 | -1.36 | PHM ahead |
| 2025-05-27 | 62.44 | 67.48 | -1.26 | PHM ahead |
| 2025-05-23 | 60.98 | 65.90 | -1.26 | PHM ahead |
| 2025-05-22 | 61.11 | 66.14 | -1.30 | PHM ahead |
| 2025-05-21 | 61.46 | 66.49 | -1.30 | PHM ahead |
| 2025-05-20 | 63.06 | 67.98 | -1.24 | PHM ahead |
| 2025-05-19 | 64.21 | 69.16 | -1.23 | PHM ahead |
| 2025-05-16 | 64.63 | 70.06 | -1.37 | PHM ahead |
| 2025-05-15 | 63.42 | 68.95 | -1.44 | PHM ahead |
| 2025-05-14 | 62.74 | 68.48 | -1.53 | PHM ahead |
| 2025-05-13 | 64.95 | 71.42 | -1.70 | PHM ahead |
| 2025-05-12 | 64.83 | 71.48 | -1.77 | PHM ahead |
| 2025-05-09 | 62.72 | 68.75 | -1.67 | PHM ahead |
| 2025-05-08 | 63.65 | 69.35 | -1.55 | PHM ahead |
| 2025-05-07 | 63.10 | 67.98 | -1.33 | PHM ahead |
| 2025-05-06 | 62.64 | 67.66 | -1.39 | PHM ahead |
| 2025-05-05 | 64.59 | 69.56 | -1.34 | PHM ahead |
| 2025-05-02 | 65.43 | 70.09 | -1.23 | PHM ahead |
| 2025-05-01 | 64.53 | 68.36 | -1.00 | PHM ahead |
| 2025-04-30 | 64.94 | 68.83 | -1.02 | PHM ahead |
| 2025-04-29 | 64.12 | 68.26 | -1.12 | PHM ahead |
| 2025-04-28 | 64.33 | 68.72 | -1.20 | PHM ahead |
| 2025-04-25 | 64.02 | 68.36 | -1.20 | PHM ahead |
| 2025-04-24 | 64.78 | 69.01 | -1.16 | PHM ahead |
| 2025-04-23 | 64.14 | 67.81 | -1.00 | PHM ahead |
| 2025-04-22 | 64.23 | 67.69 | -0.94 | PHM ahead |
| 2025-04-21 | 62.07 | 62.47 | +0.04 | near the usual relationship |
| 2025-04-17 | 62.32 | 63.71 | -0.30 | near the usual relationship |
| 2025-04-16 | 60.41 | 62.31 | -0.49 | near the usual relationship |
| 2025-04-15 | 61.58 | 63.60 | -0.53 | PHM ahead |
| 2025-04-14 | 62.20 | 64.04 | -0.47 | near the usual relationship |
| 2025-04-11 | 61.56 | 63.43 | -0.49 | near the usual relationship |
| 2025-04-10 | 60.58 | 62.86 | -0.64 | PHM ahead |
| 2025-04-09 | 62.27 | 65.20 | -0.84 | PHM ahead |
| 2025-04-08 | 59.16 | 61.74 | -0.78 | PHM ahead |
| 2025-04-07 | 62.09 | 64.51 | -0.69 | PHM ahead |
| 2025-04-04 | 65.72 | 67.93 | -0.59 | PHM ahead |
| 2025-04-03 | 62.86 | 65.59 | -0.79 | PHM ahead |
| 2025-04-02 | 65.77 | 70.00 | -1.22 | PHM ahead |
| 2025-04-01 | 65.49 | 69.14 | -1.06 | PHM ahead |
| 2025-03-31 | 65.34 | 68.97 | -1.06 | PHM ahead |
| 2025-03-28 | 64.76 | 68.26 | -1.04 | PHM ahead |
| 2025-03-27 | 66.86 | 70.48 | -1.05 | PHM ahead |
| 2025-03-26 | 66.50 | 70.60 | -1.21 | PHM ahead |
| 2025-03-25 | 66.57 | 70.67 | -1.21 | PHM ahead |
| 2025-03-24 | 67.00 | 71.02 | -1.19 | PHM ahead |
| 2025-03-21 | 66.22 | 68.92 | -0.82 | PHM ahead |
| 2025-03-20 | 67.40 | 70.68 | -0.98 | PHM ahead |
| 2025-03-19 | 67.01 | 70.53 | -1.07 | PHM ahead |
| 2025-03-18 | 65.71 | 69.44 | -1.16 | PHM ahead |
| 2025-03-17 | 65.31 | 69.71 | -1.38 | PHM ahead |
| 2025-03-14 | 65.16 | 69.07 | -1.24 | PHM ahead |
| 2025-03-13 | 64.40 | 67.83 | -1.12 | PHM ahead |
| 2025-03-12 | 66.13 | 69.46 | -1.07 | PHM ahead |
| 2025-03-11 | 68.12 | 71.01 | -0.92 | PHM ahead |
| 2025-03-10 | 68.85 | 72.06 | -1.01 | PHM ahead |
| 2025-03-07 | 68.58 | 72.40 | -1.21 | PHM ahead |
| 2025-03-06 | 68.85 | 72.64 | -1.20 | PHM ahead |
| 2025-03-05 | 66.49 | 71.10 | -1.49 | PHM ahead |
| 2025-03-04 | 64.72 | 69.04 | -1.46 | PHM ahead |
| 2025-03-03 | 64.60 | 68.46 | -1.33 | PHM ahead |
| 2025-02-28 | 65.18 | 69.30 | -1.41 | PHM ahead |
| 2025-02-27 | 64.99 | 69.06 | -1.41 | PHM ahead |
| 2025-02-26 | 66.07 | 70.08 | -1.39 | PHM ahead |
| 2025-02-25 | 67.90 | 71.28 | -1.17 | PHM ahead |
| 2025-02-24 | 64.98 | 68.24 | -1.19 | PHM ahead |
| 2025-02-21 | 64.75 | 69.18 | -1.57 | PHM ahead |
| 2025-02-20 | 66.14 | 71.01 | -1.69 | PHM ahead |
| 2025-02-19 | 65.19 | 70.36 | -1.82 | PHM ahead |
| 2025-02-18 | 66.72 | 70.85 | -1.49 | PHM ahead |
| 2025-02-14 | 67.11 | 72.08 | -1.75 | PHM ahead |
| 2025-02-13 | 66.48 | 71.59 | -1.82 | PHM ahead |
| 2025-02-12 | 65.66 | 71.12 | -1.97 | PHM ahead |
| 2025-02-11 | 67.13 | 72.01 | -1.78 | PHM ahead |
| 2025-02-10 | 66.93 | 71.50 | -1.71 | PHM ahead |
| 2025-02-07 | 66.30 | 71.03 | -1.78 | PHM ahead |
| 2025-02-06 | 69.99 | 73.81 | -1.45 | PHM ahead |
| 2025-02-05 | 71.40 | 74.70 | -1.29 | PHM ahead |
| 2025-02-04 | 71.83 | 74.06 | -0.97 | PHM ahead |
| 2025-02-03 | 70.65 | 73.24 | -1.10 | PHM ahead |
| 2025-01-31 | 72.93 | 76.34 | -1.33 | PHM ahead |
| 2025-01-30 | 75.01 | 79.52 | -1.62 | PHM ahead |
| 2025-01-29 | 72.95 | 75.81 | -1.19 | PHM ahead |
| 2025-01-28 | 73.99 | 77.19 | -1.29 | PHM ahead |
| 2025-01-27 | 75.69 | 79.21 | -1.36 | PHM ahead |
| 2025-01-24 | 73.46 | 77.62 | -1.60 | PHM ahead |
| 2025-01-23 | 74.65 | 78.18 | -1.41 | PHM ahead |
| 2025-01-22 | 75.52 | 78.43 | -1.22 | PHM ahead |
| 2025-01-21 | 73.86 | 77.70 | -1.52 | PHM ahead |
| 2025-01-17 | 75.89 | 78.52 | -1.16 | PHM ahead |
| 2025-01-16 | 75.35 | 78.46 | -1.30 | PHM ahead |
| 2025-01-15 | 74.74 | 77.81 | -1.30 | PHM ahead |
| 2025-01-14 | 73.58 | 75.48 | -0.99 | PHM ahead |
| 2025-01-13 | 71.13 | 73.13 | -1.04 | PHM ahead |
| 2025-01-10 | 70.17 | 72.20 | -1.07 | PHM ahead |
| 2025-01-08 | 71.91 | 74.11 | -1.11 | PHM ahead |
| 2025-01-07 | 70.85 | 72.35 | -0.92 | PHM ahead |
| 2025-01-06 | 71.63 | 73.09 | -0.91 | PHM ahead |
| 2025-01-03 | 71.90 | 73.84 | -1.05 | PHM ahead |
| 2025-01-02 | 70.74 | 72.22 | -0.93 | PHM ahead |
| 2024-12-31 | 71.86 | 73.07 | -0.85 | PHM ahead |
| 2024-12-30 | 71.73 | 73.04 | -0.89 | PHM ahead |
| 2024-12-27 | 72.10 | 73.48 | -0.91 | PHM ahead |
| 2024-12-26 | 72.71 | 74.24 | -0.96 | PHM ahead |
| 2024-12-24 | 72.50 | 74.31 | -1.04 | PHM ahead |
| 2024-12-23 | 72.00 | 73.89 | -1.07 | PHM ahead |
| 2024-12-20 | 71.76 | 74.15 | -1.22 | PHM ahead |
| 2024-12-19 | 70.54 | 73.06 | -1.28 | PHM ahead |
| 2024-12-18 | 72.87 | 74.67 | -1.07 | PHM ahead |
| 2024-12-17 | 75.41 | 77.76 | -1.20 | PHM ahead |
| 2024-12-16 | 75.87 | 78.53 | -1.29 | PHM ahead |
| 2024-12-13 | 77.03 | 79.46 | -1.22 | PHM ahead |
| 2024-12-12 | 77.72 | 80.98 | -1.43 | PHM ahead |
| 2024-12-11 | 78.99 | 81.80 | -1.32 | PHM ahead |
| 2024-12-10 | 80.69 | 84.10 | -1.46 | PHM ahead |
| 2024-12-09 | 82.73 | 86.20 | -1.47 | PHM ahead |
| 2024-12-06 | 81.47 | 85.09 | -1.53 | PHM ahead |
| 2024-12-05 | 82.07 | 85.80 | -1.56 | PHM ahead |
| 2024-12-04 | 82.93 | 86.76 | -1.59 | PHM ahead |
| 2024-12-03 | 85.80 | 89.91 | -1.64 | PHM ahead |
| 2024-12-02 | 86.04 | 90.67 | -1.77 | PHM ahead |
| 2024-11-29 | 86.75 | 90.76 | -1.64 | PHM ahead |
| 2024-11-27 | 87.08 | 91.61 | -1.76 | PHM ahead |
| 2024-11-26 | 86.71 | 90.98 | -1.73 | PHM ahead |
| 2024-11-25 | 88.89 | 92.36 | -1.55 | PHM ahead |
| 2024-11-22 | 84.05 | 87.06 | -1.50 | PHM ahead |
| 2024-11-21 | 83.19 | 85.96 | -1.46 | PHM ahead |
| 2024-11-20 | 83.84 | 85.92 | -1.30 | PHM ahead |
| 2024-11-19 | 83.42 | 86.23 | -1.49 | PHM ahead |
| 2024-11-18 | 82.98 | 86.27 | -1.62 | PHM ahead |
| 2024-11-15 | 83.06 | 86.48 | -1.66 | PHM ahead |
| 2024-11-14 | 84.16 | 86.85 | -1.50 | PHM ahead |
| 2024-11-13 | 82.82 | 85.53 | -1.52 | PHM ahead |
| 2024-11-12 | 83.18 | 86.47 | -1.67 | PHM ahead |
| 2024-11-11 | 86.07 | 89.55 | -1.69 | PHM ahead |
| 2024-11-08 | 86.75 | 89.04 | -1.43 | PHM ahead |
| 2024-11-07 | 86.41 | 88.00 | -1.28 | PHM ahead |
| 2024-11-06 | 85.69 | 86.67 | -1.16 | PHM ahead |
| 2024-11-05 | 89.06 | 89.41 | -1.01 | PHM ahead |
| 2024-11-04 | 87.76 | 86.88 | -0.74 | PHM ahead |
| 2024-11-01 | 86.16 | 86.14 | -0.94 | PHM ahead |
| 2024-10-31 | 86.86 | 86.91 | -0.97 | PHM ahead |
| 2024-10-30 | 87.01 | 87.40 | -1.05 | PHM ahead |
| 2024-10-29 | 86.00 | 86.94 | -1.19 | PHM ahead |
| 2024-10-28 | 92.71 | 89.83 | -0.34 | near the usual relationship |
| 2024-10-25 | 92.13 | 88.88 | -0.26 | near the usual relationship |
| 2024-10-24 | 93.90 | 91.14 | -0.38 | near the usual relationship |
| 2024-10-23 | 92.67 | 89.35 | -0.25 | near the usual relationship |
| 2024-10-22 | 92.72 | 89.78 | -0.34 | near the usual relationship |
| 2024-10-21 | 95.74 | 96.79 | -1.22 | PHM ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.01 | PHM ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 22, 2024 (DHI -3.2%, PHM -7.2%); Oct 29, 2024 (DHI -7.2%, PHM -3.2%); Apr 22, 2025 (DHI +3.5%, PHM +8.4%); Jul 22, 2025 (DHI +17.0%, PHM +11.5%); Oct 28, 2025 (DHI -3.2%, PHM +0.4%); Apr 21, 2026 (DHI +5.8%, PHM +1.0%). Upcoming earnings: PHM Oct 22, 2026 (pre-market); DHI Oct 29, 2026 (pre-market).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
4 simulated trades to Oct 20, 2026: +2.15% per trade on average after costs, 3 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long PHM · Short DHI | Oct 28, 2025 | Nov 3, 2025 | converged | 6 | $201.02 | -$44.84 | $156.09 (+1.56%) |
| Long PHM · Short DHI | Aug 5, 2021 | Nov 12, 2021 | divergence stop | 99 | -$533.66 | -$57.26 | -$587.49 (-5.88%) |
| Long PHM · Short DHI | Apr 19, 2021 | May 14, 2021 | converged | 25 | $811.77 | -$48.04 | $764.59 (+7.65%) |
| Long DHI · Short PHM | Oct 25, 2019 | Mar 19, 2020 | converged | 146 | $583.20 | -$53.17 | $526.87 (+5.27%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
DHI and PHM at a glance
DHI D.R. Horton Inc.
- Listing
- NYSE · SEC CIK 882184
- Industry
- Homebuilding · SIC 1531 Operative Builders
- Market value
- $37.8B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
PHM PulteGroup Inc.
- Listing
- NYSE · SEC CIK 822416
- Industry
- Homebuilding · SIC 1531 Operative Builders
- Market value
- $20.8B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of DHI and PHM
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
