ASTE vs RUSHB: Correlation
How closely do Astec Industries, Inc. (ASTE) and Rush Enterprises, Inc. (RUSHB) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and RUSHB?
Across a 3-year window, the weekly returns of ASTE and RUSHB correlate at 0.55, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.55). Stretching to 5 years gives 0.50, with an annualized covariance of 772.1 %².
Among the 13 assets we track against ASTE, RUSHB ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RUSHB outperformed by 37.5 percentage points (-5.9% for ASTE against +31.6% for RUSHB).
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.
ASTE vs RUSHB: side by side
| ASTE (Astec Industries, Inc.) | RUSHB (Rush Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -5.9% | +31.6% |
| 5-year return | -23.7% | +185.6% |
| Volatility (ann.) | 45.5% | 30.8% |
| Beta vs S&P 500 | 0.95 | 0.88 |
| Max drawdown (3Y) | -47.0% | -28.5% |
| Market cap | $1.0B | $9.0B |
| P/E (trailing) | 52.6 | 23.1 |
| Dividend yield | 1.18% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | RUSHB |
|---|---|---|
| 2022 | -40.6% | +5.9% |
| 2023 | -7.3% | +43.4% |
| 2024 | -8.4% | +4.3% |
| 2025 | +30.6% | +4.8% |
| 2026 | +2.7% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and RUSHB 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 ASTE and RUSHB?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.45 over the last year and 0.50 over 5 years.
Is RUSHB a good diversifier for ASTE?
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/aste-vs-rushb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aste-vs-rushb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASTE correlations · RUSHB correlations
