EXP vs SKY: Correlation
How closely do Eagle Materials Inc (EXP) and Champion Homes, Inc. (SKY) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXP and SKY?
Across a 3-year window, the weekly returns of EXP and SKY correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 940.2 %².
Within EXP's tracked universe of 24 assets, SKY comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SKY outperformed by 36.2 percentage points (-15.7% for EXP against +20.5% for SKY).
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 SKY: side by side
| EXP (Eagle Materials Inc) | SKY (Champion Homes, Inc.) | |
|---|---|---|
| 1-year return | -15.7% | +20.5% |
| 5-year return | +29.5% | +41.8% |
| Volatility (ann.) | 34.8% | 45.3% |
| Beta vs S&P 500 | 1.21 | 1.01 |
| Max drawdown (3Y) | -44.7% | -44.6% |
| Market cap | $6.1B | $4.9B |
| P/E (trailing) | 15.6 | 26.6 |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXP | SKY |
|---|---|---|
| 2022 | -19.6% | -34.8% |
| 2023 | +53.6% | +44.2% |
| 2024 | +22.1% | +18.6% |
| 2025 | -15.9% | -4.1% |
| 2026 | -4.1% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXP and SKY good diversifiers for each other?
To a limited degree. At 0.60 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 EXP and SKY?
The EXP/SKY correlation stands at 0.60 on a 3-year window (1 year: 0.65, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is SKY a good diversifier for EXP?
To a limited degree. At 0.60 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 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exp-vs-sky.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exp-vs-sky/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXP correlations · SKY correlations
