CRH vs FCX: Correlation
How closely do CRH plc (CRH) and Freeport-McMoRan (FCX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and FCX?
Across a 3-year window, the weekly returns of CRH and FCX correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 542.6 %².
Among the 40 assets we track against CRH, FCX ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FCX outperformed by 95.3 percentage points (-14.6% for CRH against +80.7% for FCX). On a rolling one-year basis the correlation drifted between 0.23 and 0.70, a moderate band.
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 FCX: side by side
| CRH (CRH plc) | FCX (Freeport-McMoRan) | |
|---|---|---|
| 1-year return | -14.6% | +80.7% |
| 5-year return | +104.1% | +129.3% |
| Volatility (ann.) | 29.7% | 43.2% |
| Beta vs S&P 500 | 1.26 | 1.55 |
| Max drawdown (3Y) | -28.4% | -46.3% |
| Market cap | $63.6B | $112.6B |
| P/E (trailing) | 17.2 | 38.8 |
| Dividend yield | 1.57% | 0.76% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CRH | FCX |
|---|---|---|
| 2022 | -20.5% | -7.3% |
| 2023 | +81.3% | +13.7% |
| 2024 | +35.9% | -9.4% |
| 2025 | +35.9% | +35.4% |
| 2026 | -22.6% | +55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and FCX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRH and FCX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.40 over the last year and 0.41 over 5 years.
Is FCX a good diversifier for CRH?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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 · FCX correlations
