CRH vs PPG: Correlation
How closely do CRH plc (CRH) and PPG Industries (PPG) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and PPG?
Over the past 3 years, CRH and PPG moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 446.6 %².
By 3-year correlation, PPG places #19 of the 40 assets tracked against CRH. Their recent paths diverged sharply: over the last 12 months PPG outperformed by 18.4 percentage points (-14.6% for CRH against +3.8% for PPG). Stability stands out here, with the rolling one-year correlation confined to 0.44 through 0.65.
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 PPG: side by side
| CRH (CRH plc) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | -14.6% | +3.8% |
| 5-year return | +104.1% | -22.0% |
| Volatility (ann.) | 29.7% | 25.5% |
| Beta vs S&P 500 | 1.26 | 0.90 |
| Max drawdown (3Y) | -28.4% | -37.4% |
| Market cap | $63.6B | $25.2B |
| P/E (trailing) | 17.2 | 16.4 |
| Dividend yield | 1.57% | 2.48% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CRH | PPG |
|---|---|---|
| 2022 | -20.5% | -25.7% |
| 2023 | +81.3% | +21.2% |
| 2024 | +35.9% | -18.5% |
| 2025 | +35.9% | -12.0% |
| 2026 | -22.6% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and PPG good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRH and PPG?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.60 over the last year and 0.60 over 5 years.
Is PPG a good diversifier for CRH?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-ppg.json
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Related comparisons
Hubs: CRH correlations · PPG correlations
