EXP vs IESC: Correlation
How closely do Eagle Materials Inc (EXP) and IES Holdings, Inc. (IESC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXP and IESC?
Over the past 3 years, EXP and IESC moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1272.9 %².
Among the 24 assets we track against EXP, IESC ranks #18 by 3-year correlation. On 12-month performance IESC holds a 9.5-point edge, -15.7% against -6.2%. Note the risk asymmetry: IESC runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EXP vs IESC: side by side
| EXP (Eagle Materials Inc) | IESC (IES Holdings, Inc.) | |
|---|---|---|
| 1-year return | -15.7% | -6.2% |
| 5-year return | +29.5% | +580.8% |
| Volatility (ann.) | 34.8% | 68.3% |
| Beta vs S&P 500 | 1.21 | 1.67 |
| Max drawdown (3Y) | -44.7% | -60.5% |
| Market cap | $6.1B | $13.3B |
| P/E (trailing) | 15.6 | 29.5 |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXP | IESC |
|---|---|---|
| 2022 | -19.6% | -29.8% |
| 2023 | +53.6% | +122.7% |
| 2024 | +22.1% | +153.7% |
| 2025 | -15.9% | +93.6% |
| 2026 | -4.1% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXP and IESC 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 EXP and IESC?
The EXP/IESC correlation stands at 0.54 on a 3-year window (1 year: 0.42, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is IESC a good diversifier for EXP?
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/exp-vs-iesc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exp-vs-iesc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXP correlations · IESC correlations
