APOG vs EXP: Correlation
Apogee Enterprises, Inc. (APOG) and Eagle Materials Inc (EXP) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and EXP?
Over the past 3 years, APOG and EXP moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 813.9 %².
In APOG's tracked universe of 15 assets, EXP sits right near the top at #2. On 12-month performance APOG holds a 10.0-point edge, -5.7% against -15.7%.
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.
APOG vs EXP: side by side
| APOG (Apogee Enterprises, Inc.) | EXP (Eagle Materials Inc) | |
|---|---|---|
| 1-year return | -5.7% | -15.7% |
| 5-year return | +5.1% | +29.5% |
| Volatility (ann.) | 41.4% | 34.8% |
| Beta vs S&P 500 | 0.88 | 1.21 |
| Max drawdown (3Y) | -62.5% | -44.7% |
| Market cap | $0.8B | $6.1B |
| P/E (trailing) | 12.7 | 15.6 |
| Dividend yield | 2.59% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | EXP |
|---|---|---|
| 2022 | -5.7% | -19.6% |
| 2023 | +22.8% | +53.6% |
| 2024 | +35.8% | +22.1% |
| 2025 | -47.8% | -15.9% |
| 2026 | +14.0% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and EXP good diversifiers for each other?
Only partially. A correlation of 0.57 means APOG and EXP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APOG and EXP?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.61 over the last year and 0.55 over 5 years.
Is EXP a good diversifier for APOG?
Only partially. A correlation of 0.57 means APOG and EXP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apog-vs-exp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apog-vs-exp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APOG correlations · EXP correlations
