CRH vs DIA: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and SPDR Dow Jones Industrial Average ETF (DIA) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and DIA?
On 3 years of weekly data the CRH/DIA correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.64 over 3. The 5-year figure is 0.63, and annualized covariance runs at 249.0 %².
Among the 40 assets we track against CRH, DIA ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DIA outperformed by 33.8 percentage points (-14.6% for CRH against +19.2% for DIA). The rolling one-year correlation stayed in a tight band between 0.54 and 0.74 over the past three years, which points to a structural rather than episodic relationship. Note the risk asymmetry: CRH runs 2.3 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.
CRH vs DIA: side by side
| CRH (CRH plc) | DIA (SPDR Dow Jones Industrial Average ETF) | |
|---|---|---|
| 1-year return | -14.6% | +19.2% |
| 5-year return | +104.1% | +64.8% |
| Volatility (ann.) | 29.7% | 13.0% |
| Beta vs S&P 500 | 1.26 | 0.79 |
| Max drawdown (3Y) | -28.4% | -16.0% |
| Market cap | $63.6B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.57% | 1.37% |
| Expense ratio | – | 0.16% |
| Assets under management | – | $45.2B |
| Sector / category | Materials | ETF · US Large Cap |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | CRH | DIA |
|---|---|---|
| 2022 | -20.5% | -7.0% |
| 2023 | +81.3% | +16.0% |
| 2024 | +35.9% | +14.8% |
| 2025 | +35.9% | +14.7% |
| 2026 | -22.6% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and DIA good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRH and DIA?
The CRH/DIA correlation stands at 0.64 on a 3-year window (1 year: 0.61, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is DIA a good diversifier for CRH?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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.
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Related comparisons
Hubs: CRH correlations · DIA correlations
