CF vs CRH: Correlation
Measured on weekly returns over the past three years, CF Industries (CF) and CRH plc (CRH) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and CRH?
Across a 3-year window, the weekly returns of CF and CRH correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.56) than the 3-year average (-0.22). Stretching to 5 years gives -0.10, with an annualized covariance of -209.7 %².
Among the 50 assets we track against CF, CRH ranks #35 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CF outperformed by 63.2 percentage points (+48.6% for CF against -14.6% for CRH). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.54 to 0.32.
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.
CF vs CRH: side by side
| CF (CF Industries) | CRH (CRH plc) | |
|---|---|---|
| 1-year return | +48.6% | -14.6% |
| 5-year return | +211.5% | +104.1% |
| Volatility (ann.) | 32.8% | 29.7% |
| Beta vs S&P 500 | -0.20 | 1.26 |
| Max drawdown (3Y) | -29.2% | -28.4% |
| Market cap | $19.0B | $63.6B |
| P/E (trailing) | 9.3 | 17.2 |
| Dividend yield | 1.59% | 1.57% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CF | CRH |
|---|---|---|
| 2022 | +22.3% | -20.5% |
| 2023 | -4.7% | +81.3% |
| 2024 | +10.1% | +35.9% |
| 2025 | -7.2% | +35.9% |
| 2026 | +64.9% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and CRH good diversifiers for each other?
Yes. With a correlation of -0.22, CF and CRH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CF and CRH?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.56 over the last year and -0.10 over 5 years.
Is CRH a good diversifier for CF?
Yes. With a correlation of -0.22, CF and CRH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/cf-vs-crh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cf-vs-crh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CF correlations · CRH correlations
