CRH vs VXZ: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and VXZ?
Over the past 3 years, CRH and VXZ moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.58) sits close to the 3-year figure. Over 5 years the correlation is -0.53, and the annualized covariance of weekly returns is -392.6 %².
Out of 40 assets tracked against CRH, VXZ lands near the bottom at #39. Their 12-month results are close: -14.6% for CRH against -16.1% for VXZ.
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 VXZ: side by side
| CRH (CRH plc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.6% | -16.1% |
| 5-year return | +104.1% | -53.1% |
| Volatility (ann.) | 29.7% | 25.6% |
| Beta vs S&P 500 | 1.26 | -1.31 |
| Max drawdown (3Y) | -28.4% | -36.4% |
| Market cap | $63.6B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.57% | – |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | VXZ |
|---|---|---|
| 2022 | -20.5% | +0.5% |
| 2023 | +81.3% | -44.0% |
| 2024 | +35.9% | -12.7% |
| 2025 | +35.9% | +5.7% |
| 2026 | -22.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and VXZ good diversifiers for each other?
Yes. With a correlation of -0.52, CRH and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRH and VXZ?
As of 2026-08-27, the correlation of weekly returns between CRH and VXZ is -0.52 over 3 years, -0.58 over 1 year and -0.53 over 5 years.
Is VXZ a good diversifier for CRH?
Yes. With a correlation of -0.52, CRH and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crh-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRH correlations · VXZ correlations
