CRH vs SHW: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and Sherwin-Williams (SHW) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and SHW?
Over the past 3 years, CRH and SHW moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 390.8 %².
Within CRH's tracked universe of 40 assets, SHW comes in at #23 by 3-year correlation. On 12-month performance SHW holds a 9.5-point edge, -14.6% against -5.1%. Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.67.
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 SHW: side by side
| CRH (CRH plc) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -14.6% | -5.1% |
| 5-year return | +104.1% | +18.3% |
| Volatility (ann.) | 29.7% | 24.6% |
| Beta vs S&P 500 | 1.26 | 0.79 |
| Max drawdown (3Y) | -28.4% | -25.7% |
| Market cap | $63.6B | $83.8B |
| P/E (trailing) | 17.2 | 31.8 |
| Dividend yield | 1.57% | 0.91% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CRH | SHW |
|---|---|---|
| 2022 | -20.5% | -32.0% |
| 2023 | +81.3% | +32.7% |
| 2024 | +35.9% | +9.9% |
| 2025 | +35.9% | -3.8% |
| 2026 | -22.6% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and SHW good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRH and SHW?
As of 2026-08-27, the correlation of weekly returns between CRH and SHW is 0.54 over 3 years, 0.45 over 1 year and 0.47 over 5 years.
Is SHW a good diversifier for CRH?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crh-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRH correlations · SHW correlations
