CRH vs NUE: Correlation
CRH plc (CRH) and Nucor (NUE) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and NUE?
On 3 years of weekly data the CRH/NUE correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.46). The 5-year figure is 0.43, and annualized covariance runs at 452.6 %².
Among the 40 assets we track against CRH, NUE ranks #26 by 3-year correlation. The last year tells two different stories: NUE led by 84.7 percentage points, -14.6% for CRH against +70.1% for NUE. The rolling one-year correlation moved between 0.35 and 0.68 over the past three years, a moderate range.
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 NUE: side by side
| CRH (CRH plc) | NUE (Nucor) | |
|---|---|---|
| 1-year return | -14.6% | +70.1% |
| 5-year return | +104.1% | +124.6% |
| Volatility (ann.) | 29.7% | 33.3% |
| Beta vs S&P 500 | 1.26 | 1.08 |
| Max drawdown (3Y) | -28.4% | -47.8% |
| Market cap | $63.6B | $57.3B |
| P/E (trailing) | 17.2 | 20.1 |
| Dividend yield | 1.57% | 0.88% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CRH | NUE |
|---|---|---|
| 2022 | -20.5% | +17.4% |
| 2023 | +81.3% | +33.8% |
| 2024 | +35.9% | -32.0% |
| 2025 | +35.9% | +42.0% |
| 2026 | -22.6% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and NUE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRH and NUE?
As of 2026-08-27, the correlation of weekly returns between CRH and NUE is 0.46 over 3 years, 0.36 over 1 year and 0.43 over 5 years.
Is NUE a good diversifier for CRH?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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-nue.json
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Related comparisons
Hubs: CRH correlations · NUE correlations
