SHW vs VMC: Correlation
Measured on weekly returns over the past three years, Sherwin-Williams (SHW) and Vulcan Materials Company (VMC) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHW and VMC?
On 3 years of weekly data the SHW/VMC correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.55 over 3. The 5-year figure is 0.52, and annualized covariance runs at 338.7 %².
Among the 60 assets we track against SHW, VMC ranks #30 by 3-year correlation. Twelve-month performance is nearly a tie, at -5.1% for SHW and -5.2% for VMC. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.73.
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.
SHW vs VMC: side by side
| SHW (Sherwin-Williams) | VMC (Vulcan Materials Company) | |
|---|---|---|
| 1-year return | -5.1% | -5.2% |
| 5-year return | +18.3% | +53.2% |
| Volatility (ann.) | 24.6% | 25.2% |
| Beta vs S&P 500 | 0.79 | 0.82 |
| Max drawdown (3Y) | -25.7% | -24.4% |
| Market cap | $83.8B | $35.5B |
| P/E (trailing) | 31.8 | 32.3 |
| Dividend yield | 0.91% | 0.74% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | SHW | VMC |
|---|---|---|
| 2022 | -32.0% | -14.9% |
| 2023 | +32.7% | +30.8% |
| 2024 | +9.9% | +14.1% |
| 2025 | -3.8% | +11.7% |
| 2026 | +7.3% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHW and VMC good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SHW and VMC?
The SHW/VMC correlation stands at 0.55 on a 3-year window (1 year: 0.52, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is VMC a good diversifier for SHW?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/shw-vs-vmc.json
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[](https://www.pairbook.io/pair/shw-vs-vmc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SHW correlations · VMC correlations
