CRH vs USO: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and United States Oil Fund (USO) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and USO?
On 3 years of weekly data the CRH/USO correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.31 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -366.0 %².
Among the 40 assets we track against CRH, USO sits near the bottom by co-movement, at rank #37. The last year tells two different stories: USO led by 88.7 percentage points, -14.6% for CRH against +74.1% for USO. The relationship is regime-dependent: the rolling one-year correlation swung between -0.52 and 0.14 over the past three years, so this pair behaves very differently depending on the market environment.
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 USO: side by side
| CRH (CRH plc) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -14.6% | +74.1% |
| 5-year return | +104.1% | +168.6% |
| Volatility (ann.) | 29.7% | 39.4% |
| Beta vs S&P 500 | 1.26 | -0.20 |
| Max drawdown (3Y) | -28.4% | -32.5% |
| Market cap | $63.6B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.57% | – |
| Sector / category | Materials | ETF · Commodities |
Year-by-year returns
| Year | CRH | USO |
|---|---|---|
| 2022 | -20.5% | +29.0% |
| 2023 | +81.3% | -4.9% |
| 2024 | +35.9% | +13.4% |
| 2025 | +35.9% | -8.5% |
| 2026 | -22.6% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and USO good diversifiers for each other?
Yes. With a correlation of -0.31, CRH and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRH and USO?
As of 2026-08-27, the correlation of weekly returns between CRH and USO is -0.31 over 3 years, -0.51 over 1 year and -0.20 over 5 years.
Is USO a good diversifier for CRH?
Yes. With a correlation of -0.31, CRH and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crh-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRH correlations · USO correlations
