CRH vs EQNR: Correlation
CRH plc (CRH) and Equinor ASA (EQNR) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and EQNR?
Over the past 3 years, CRH and EQNR moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.28 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -280.1 %².
EQNR is close to the least connected end of CRH's tracked universe, ranking #36 of 40. Correlation aside, the last 12 months split them widely, with EQNR ahead by 91.8 points (-14.6% versus +77.2%).
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 EQNR: side by side
| CRH (CRH plc) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | -14.6% | +77.2% |
| 5-year return | +104.1% | +180.6% |
| Volatility (ann.) | 29.7% | 33.2% |
| Beta vs S&P 500 | 1.26 | -0.25 |
| Max drawdown (3Y) | -28.4% | -27.6% |
| Market cap | $63.6B | $98.6B |
| P/E (trailing) | 17.2 | 11.2 |
| Dividend yield | 1.57% | 3.73% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | EQNR |
|---|---|---|
| 2022 | -20.5% | +42.8% |
| 2023 | +81.3% | -0.8% |
| 2024 | +35.9% | -16.0% |
| 2025 | +35.9% | +6.1% |
| 2026 | -22.6% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and EQNR good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRH and EQNR?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.52 over the last year and -0.13 over 5 years.
Is EQNR a good diversifier for CRH?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/crh-vs-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crh-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRH correlations · EQNR correlations
