CRH vs JHX: Correlation
How closely do CRH plc (CRH) and James Hardie Industries plc. (JHX) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and JHX?
On 3 years of weekly data the CRH/JHX correlation comes out at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.53 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 723.9 %².
By 3-year correlation, JHX places #24 of the 40 assets tracked against CRH. The last year tells two different stories: JHX led by 60.7 percentage points, -14.6% for CRH against +46.1% for JHX. Note the risk asymmetry: JHX runs 1.6 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 JHX: side by side
| CRH (CRH plc) | JHX (James Hardie Industries plc.) | |
|---|---|---|
| 1-year return | -14.6% | +46.1% |
| 5-year return | +104.1% | -21.2% |
| Volatility (ann.) | 29.7% | 46.3% |
| Beta vs S&P 500 | 1.26 | 1.43 |
| Max drawdown (3Y) | -28.4% | -60.3% |
| Market cap | $63.6B | $17.3B |
| P/E (trailing) | 17.2 | 135.3 |
| Dividend yield | 1.57% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | JHX |
|---|---|---|
| 2022 | -20.5% | -55.4% |
| 2023 | +81.3% | +115.6% |
| 2024 | +35.9% | -20.3% |
| 2025 | +35.9% | -32.7% |
| 2026 | -22.6% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and JHX good diversifiers for each other?
Only partially. A correlation of 0.53 means CRH and JHX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRH and JHX?
The CRH/JHX correlation stands at 0.53 on a 3-year window (1 year: 0.67, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is JHX a good diversifier for CRH?
Only partially. A correlation of 0.53 means CRH and JHX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-jhx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crh-vs-jhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRH correlations · JHX correlations
