CRCT vs SHC: Correlation
Measured on weekly returns over the past three years, Cricut, Inc. (CRCT) and Sotera Health Company (SHC) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRCT and SHC?
Across a 3-year window, the weekly returns of CRCT and SHC correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 801.3 %².
Among the 10 assets we track against CRCT, SHC ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHC ahead by 15.7 points (+2.4% versus +18.1%).
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.
CRCT vs SHC: side by side
| CRCT (Cricut, Inc.) | SHC (Sotera Health Company) | |
|---|---|---|
| 1-year return | +2.4% | +18.1% |
| 5-year return | -70.1% | -21.9% |
| Volatility (ann.) | 49.2% | 40.4% |
| Beta vs S&P 500 | 0.94 | 1.09 |
| Max drawdown (3Y) | -53.2% | -43.5% |
| Market cap | $1.2B | $5.6B |
| P/E (trailing) | 14.2 | 34.2 |
| Dividend yield | 3.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRCT | SHC |
|---|---|---|
| 2022 | -58.0% | -64.6% |
| 2023 | -20.1% | +102.3% |
| 2024 | -4.9% | -18.8% |
| 2025 | +0.1% | +28.9% |
| 2026 | +19.8% | +10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRCT and SHC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRCT and SHC?
As of 2026-08-27, the correlation of weekly returns between CRCT and SHC is 0.40 over 3 years, 0.40 over 1 year and 0.18 over 5 years.
Is SHC a good diversifier for CRCT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/crct-vs-shc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crct-vs-shc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRCT correlations · SHC correlations
