CNM vs FERG: Correlation
How closely do Core & Main, Inc. (CNM) and Ferguson Enterprises (FERG) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNM and FERG?
Over the past 3 years, CNM and FERG moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 732.6 %².
FERG is one of the assets that tracks CNM most closely: it ranks #1 out of the 17 assets we track against CNM. Their recent paths diverged sharply: over the last 12 months FERG outperformed by 34.6 percentage points (-33.5% for CNM against +1.1% for FERG).
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.
CNM vs FERG: side by side
| CNM (Core & Main, Inc.) | FERG (Ferguson Enterprises) | |
|---|---|---|
| 1-year return | -33.5% | +1.1% |
| 5-year return | +63.1% | +82.2% |
| Volatility (ann.) | 39.7% | 30.0% |
| Beta vs S&P 500 | 1.19 | 0.99 |
| Max drawdown (3Y) | -38.7% | -32.9% |
| Market cap | $8.5B | $45.1B |
| P/E (trailing) | 18.4 | 23.0 |
| Dividend yield | 0.00% | 1.80% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CNM | FERG |
|---|---|---|
| 2022 | -36.4% | -27.2% |
| 2023 | +109.3% | +55.1% |
| 2024 | +26.0% | -8.6% |
| 2025 | +2.1% | +29.9% |
| 2026 | -15.8% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNM and FERG good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNM and FERG?
As of 2026-08-27, the correlation of weekly returns between CNM and FERG is 0.62 over 3 years, 0.53 over 1 year and 0.58 over 5 years.
Is FERG a good diversifier for CNM?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnm-vs-ferg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnm-vs-ferg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNM correlations · FERG correlations
