CRH vs OC: Correlation
CRH plc (CRH) and Owens Corning Inc (OC) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and OC?
Across a 3-year window, the weekly returns of CRH and OC correlate at 0.64, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 664.0 %².
Within CRH's tracked universe of 40 assets, OC comes in at #13 by 3-year correlation. Over the last 12 months OC came out ahead by 11.0 percentage points (-14.6% against -3.6%).
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 OC: side by side
| CRH (CRH plc) | OC (Owens Corning Inc) | |
|---|---|---|
| 1-year return | -14.6% | -3.6% |
| 5-year return | +104.1% | +60.3% |
| Volatility (ann.) | 29.7% | 35.1% |
| Beta vs S&P 500 | 1.26 | 1.41 |
| Max drawdown (3Y) | -28.4% | -52.5% |
| Market cap | $63.6B | $11.4B |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.57% | 2.10% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | OC |
|---|---|---|
| 2022 | -20.5% | -4.2% |
| 2023 | +81.3% | +77.2% |
| 2024 | +35.9% | +16.6% |
| 2025 | +35.9% | -33.0% |
| 2026 | -22.6% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and OC good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRH and OC?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.60 over the last year and 0.62 over 5 years.
Is OC a good diversifier for CRH?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crh-vs-oc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crh-vs-oc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRH correlations · OC correlations
