CRH vs STLD: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and Steel Dynamics (STLD) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and STLD?
Across a 3-year window, the weekly returns of CRH and STLD correlate at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.51). Stretching to 5 years gives 0.49, with an annualized covariance of 524.9 %².
Within CRH's tracked universe of 40 assets, STLD comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STLD ahead by 94.4 points (-14.6% versus +79.8%). Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.72.
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 STLD: side by side
| CRH (CRH plc) | STLD (Steel Dynamics) | |
|---|---|---|
| 1-year return | -14.6% | +79.8% |
| 5-year return | +104.1% | +262.0% |
| Volatility (ann.) | 29.7% | 34.5% |
| Beta vs S&P 500 | 1.26 | 1.13 |
| Max drawdown (3Y) | -28.4% | -28.7% |
| Market cap | $63.6B | $33.8B |
| P/E (trailing) | 17.2 | 21.4 |
| Dividend yield | 1.57% | 0.87% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CRH | STLD |
|---|---|---|
| 2022 | -20.5% | +60.1% |
| 2023 | +81.3% | +22.8% |
| 2024 | +35.9% | -2.0% |
| 2025 | +35.9% | +50.7% |
| 2026 | -22.6% | +39.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and STLD good diversifiers for each other?
To a limited degree. At 0.51 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 STLD?
The CRH/STLD correlation stands at 0.51 on a 3-year window (1 year: 0.40, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is STLD a good diversifier for CRH?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crh-vs-stld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crh-vs-stld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRH correlations · STLD correlations
