ACWI vs CRH: Correlation
iShares MSCI ACWI ETF (ACWI) and CRH plc (CRH) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and CRH?
Over the past 3 years, ACWI and CRH moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 265.5 %².
By 3-year correlation, CRH places #67 of the 119 assets tracked against ACWI. Correlation aside, the last 12 months split them widely, with ACWI ahead by 37.3 points (+22.7% versus -14.6%). Across three years, the rolling one-year figure varied moderately, from 0.51 to 0.79. Note the risk asymmetry: CRH runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACWI vs CRH: side by side
| ACWI (iShares MSCI ACWI ETF) | CRH (CRH plc) | |
|---|---|---|
| 1-year return | +22.7% | -14.6% |
| 5-year return | +69.0% | +104.1% |
| Volatility (ann.) | 13.8% | 29.7% |
| Beta vs S&P 500 | 0.92 | 1.26 |
| Max drawdown (3Y) | -16.5% | -28.4% |
| Market cap | – | $63.6B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 1.44% | 1.57% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Materials |
ACWI, iShares's Global Large-Stock Blend fund, carries $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | CRH |
|---|---|---|
| 2022 | -18.4% | -20.5% |
| 2023 | +22.3% | +81.3% |
| 2024 | +17.4% | +35.9% |
| 2025 | +22.4% | +35.9% |
| 2026 | +14.9% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that ACWI holds CRH at a 0.06% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ACWI and CRH good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACWI and CRH?
As of 2026-08-27, the correlation of weekly returns between ACWI and CRH is 0.65 over 3 years, 0.57 over 1 year and 0.66 over 5 years.
Is CRH a good diversifier for ACWI?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acwi-vs-crh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-crh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACWI correlations · CRH correlations
