CAT vs RRX: Correlation
Measured on weekly returns over the past three years, Caterpillar Inc. (CAT) and Regal Rexnord Corporation (RRX) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAT and RRX?
Over the past 3 years, CAT and RRX moved with a correlation of 0.61, which is strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 752.0 %².
Among the 36 assets we track against CAT, RRX ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CAT ahead by 82.3 points (+90.5% versus +8.2%).
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.
CAT vs RRX: side by side
| CAT (Caterpillar Inc.) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +90.5% | +8.2% |
| 5-year return | +321.1% | +18.1% |
| Volatility (ann.) | 29.4% | 42.0% |
| Beta vs S&P 500 | 1.03 | 1.10 |
| Max drawdown (3Y) | -34.0% | -48.1% |
| Market cap | $375.6B | $10.9B |
| P/E (trailing) | 35.3 | 34.0 |
| Dividend yield | 0.75% | 0.85% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CAT | RRX |
|---|---|---|
| 2022 | +18.6% | -28.7% |
| 2023 | +25.9% | +24.6% |
| 2024 | +24.7% | +5.7% |
| 2025 | +60.3% | -8.6% |
| 2026 | +43.5% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAT and RRX good diversifiers for each other?
Only partially. A correlation of 0.61 means CAT and RRX 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 CAT and RRX?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.59 over the last year and 0.52 over 5 years.
Is RRX a good diversifier for CAT?
Only partially. A correlation of 0.61 means CAT and RRX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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.
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Related comparisons
Hubs: CAT correlations · RRX correlations
