CAPS vs RCG: Correlation
Capstone Holding Corp. (CAPS) and RENN Fund, Inc (RCG) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPS and RCG?
Over the past 3 years, CAPS and RCG moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 720.2 %².
RCG is one of the assets that tracks CAPS most closely: it ranks #1 out of the 10 assets we track against CAPS. Correlation aside, the last 12 months split them widely, with RCG ahead by 96.1 points (-85.0% versus +11.1%). Note the risk asymmetry: CAPS runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CAPS vs RCG: side by side
| CAPS (Capstone Holding Corp.) | RCG (RENN Fund, Inc) | |
|---|---|---|
| 1-year return | -85.0% | +11.1% |
| 5-year return | -99.2% | +24.1% |
| Volatility (ann.) | 81.8% | 25.8% |
| Beta vs S&P 500 | 0.82 | 0.09 |
| Max drawdown (3Y) | -97.5% | -20.0% |
| Market cap | – | – |
| P/E (trailing) | – | 26.5 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPS | RCG |
|---|---|---|
| 2022 | +114.5% | -31.5% |
| 2023 | -85.9% | -4.7% |
| 2024 | -56.9% | +31.6% |
| 2025 | -67.4% | +16.2% |
| 2026 | -74.7% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPS and RCG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CAPS and RCG?
The CAPS/RCG correlation stands at 0.34 on a 3-year window (1 year: 0.29, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is RCG a good diversifier for CAPS?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/caps-vs-rcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/caps-vs-rcg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAPS correlations · RCG correlations
