AIT vs RBC: Correlation
Measured on weekly returns over the past three years, Applied Industrial Technologies, Inc. (AIT) and RBC Bearings Incorporated (RBC) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIT and RBC?
Over the past 3 years, AIT and RBC moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 432.5 %².
Among the 26 assets we track against AIT, RBC ranks #8 by 3-year correlation. Neither side won the trailing year by much: +26.9% against +27.4%.
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.
AIT vs RBC: side by side
| AIT (Applied Industrial Technologies, Inc.) | RBC (RBC Bearings Incorporated) | |
|---|---|---|
| 1-year return | +26.9% | +27.4% |
| 5-year return | +291.4% | +128.1% |
| Volatility (ann.) | 26.0% | 26.5% |
| Beta vs S&P 500 | 1.03 | 0.87 |
| Max drawdown (3Y) | -26.4% | -23.6% |
| Market cap | $12.4B | $16.1B |
| P/E (trailing) | 31.2 | 50.7 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIT | RBC |
|---|---|---|
| 2022 | +24.2% | +4.2% |
| 2023 | +38.4% | +36.1% |
| 2024 | +39.7% | +5.0% |
| 2025 | +8.0% | +49.9% |
| 2026 | +32.4% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIT and RBC good diversifiers for each other?
Only partially. A correlation of 0.63 means AIT and RBC 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 AIT and RBC?
The AIT/RBC correlation stands at 0.63 on a 3-year window (1 year: 0.71, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is RBC a good diversifier for AIT?
Only partially. A correlation of 0.63 means AIT and RBC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/ait-vs-rbc.json
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[](https://www.pairbook.io/pair/ait-vs-rbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIT correlations · RBC correlations
