CRH vs ROAD: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and Construction Partners, Inc. (ROAD) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and ROAD?
Across a 3-year window, the weekly returns of CRH and ROAD correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 818.3 %².
By 3-year correlation, ROAD places #18 of the 40 assets tracked against CRH. On 12-month performance ROAD holds a 9.2-point edge, -14.6% against -5.4%. One caveat on sizing: ROAD is 1.6 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 ROAD: side by side
| CRH (CRH plc) | ROAD (Construction Partners, Inc.) | |
|---|---|---|
| 1-year return | -14.6% | -5.4% |
| 5-year return | +104.1% | +241.9% |
| Volatility (ann.) | 29.7% | 46.3% |
| Beta vs S&P 500 | 1.26 | 1.52 |
| Max drawdown (3Y) | -28.4% | -33.6% |
| Market cap | $63.6B | $6.5B |
| P/E (trailing) | 17.2 | 44.8 |
| Dividend yield | 1.57% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | ROAD |
|---|---|---|
| 2022 | -20.5% | -9.2% |
| 2023 | +81.3% | +63.1% |
| 2024 | +35.9% | +103.3% |
| 2025 | +35.9% | +22.7% |
| 2026 | -22.6% | +5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and ROAD good diversifiers for each other?
Only partially. A correlation of 0.60 means CRH and ROAD 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 ROAD?
The CRH/ROAD correlation stands at 0.60 on a 3-year window (1 year: 0.60, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is ROAD a good diversifier for CRH?
Only partially. A correlation of 0.60 means CRH and ROAD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 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-road.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crh-vs-road/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRH correlations · ROAD correlations
