JHX vs MAS: Correlation
How closely do James Hardie Industries plc. (JHX) and Masco (MAS) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHX and MAS?
Over the past 3 years, JHX and MAS moved with a correlation of 0.52, which is moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.52). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 708.9 %².
In JHX's tracked universe of 13 assets, MAS sits right near the top at #3. Correlation aside, the last 12 months split them widely, with JHX ahead by 46.6 points (+46.1% versus -0.5%). Risk is not evenly split, since JHX carries 1.6 times the volatility of the other side.
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.
JHX vs MAS: side by side
| JHX (James Hardie Industries plc.) | MAS (Masco) | |
|---|---|---|
| 1-year return | +46.1% | -0.5% |
| 5-year return | -21.2% | +29.1% |
| Volatility (ann.) | 46.3% | 29.6% |
| Beta vs S&P 500 | 1.43 | 0.95 |
| Max drawdown (3Y) | -60.3% | -30.9% |
| Market cap | $17.3B | $14.4B |
| P/E (trailing) | 135.3 | 17.0 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | JHX | MAS |
|---|---|---|
| 2022 | -55.4% | -32.1% |
| 2023 | +115.6% | +46.6% |
| 2024 | -20.3% | +10.0% |
| 2025 | -32.7% | -10.9% |
| 2026 | +43.5% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHX and MAS good diversifiers for each other?
Only partially. A correlation of 0.52 means JHX and MAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JHX and MAS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.66 over the last year and 0.51 over 5 years.
Is MAS a good diversifier for JHX?
Only partially. A correlation of 0.52 means JHX and MAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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
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Hubs: JHX correlations · MAS correlations
