CRH vs MLGO: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and MicroAlgo, Inc. (MLGO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and MLGO?
On 3 years of weekly data the CRH/MLGO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.21 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -3035.8 %².
Within CRH's tracked universe of 40 assets, MLGO comes in at #33 by 3-year correlation. The last year tells two different stories: CRH led by 38.3 percentage points, -14.6% for CRH against -52.9% for MLGO. One caveat on sizing: MLGO is 16.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MLGO: side by side
| CRH (CRH plc) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | -14.6% | -52.9% |
| 5-year return | +104.1% | -100.0% |
| Volatility (ann.) | 29.7% | 489.7% |
| Beta vs S&P 500 | 1.26 | -2.77 |
| Max drawdown (3Y) | -28.4% | -100.0% |
| Market cap | $63.6B | – |
| P/E (trailing) | 17.2 | 1.9 |
| Dividend yield | 1.57% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | MLGO |
|---|---|---|
| 2022 | -20.5% | -87.6% |
| 2023 | +81.3% | -27.0% |
| 2024 | +35.9% | -97.9% |
| 2025 | +35.9% | -96.1% |
| 2026 | -22.6% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and MLGO good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRH and MLGO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.03 over the last year and -0.15 over 5 years.
Is MLGO a good diversifier for CRH?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crh-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRH correlations · MLGO correlations
