EXP vs URI: Correlation
How closely do Eagle Materials Inc (EXP) and United Rentals (URI) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXP and URI?
Over the past 3 years, EXP and URI moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 971.0 %².
Among the 24 assets we track against EXP, URI ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months URI outperformed by 25.9 percentage points (-15.7% for EXP against +10.2% for URI).
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 URI: side by side
| EXP (Eagle Materials Inc) | URI (United Rentals) | |
|---|---|---|
| 1-year return | -15.7% | +10.2% |
| 5-year return | +29.5% | +204.1% |
| Volatility (ann.) | 34.8% | 39.5% |
| Beta vs S&P 500 | 1.21 | 1.42 |
| Max drawdown (3Y) | -44.7% | -37.0% |
| Market cap | $6.1B | $64.6B |
| P/E (trailing) | 15.6 | 25.4 |
| Dividend yield | 0.50% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EXP | URI |
|---|---|---|
| 2022 | -19.6% | +7.0% |
| 2023 | +53.6% | +63.6% |
| 2024 | +22.1% | +24.0% |
| 2025 | -15.9% | +15.9% |
| 2026 | -4.1% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXP and URI good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXP and URI?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.63 over the last year and 0.69 over 5 years.
Is URI a good diversifier for EXP?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exp-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXP correlations · URI correlations
