CLGN vs RRX: Correlation
Measured on weekly returns over the past three years, CollPlant Biotechnologies Ltd. (CLGN) and Regal Rexnord Corporation (RRX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLGN and RRX?
On 3 years of weekly data the CLGN/RRX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.30 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -1124.8 %².
RRX is close to the least connected end of CLGN's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months RRX outperformed by 98.2 percentage points (-90.0% for CLGN against +8.2% for RRX). One caveat on sizing: CLGN is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLGN vs RRX: side by side
| CLGN (CollPlant Biotechnologies Ltd.) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | -90.0% | +8.2% |
| 5-year return | -98.3% | +18.1% |
| Volatility (ann.) | 87.8% | 42.0% |
| Beta vs S&P 500 | 0.37 | 1.10 |
| Max drawdown (3Y) | -96.4% | -48.1% |
| Market cap | – | $10.9B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLGN | RRX |
|---|---|---|
| 2022 | -49.0% | -28.7% |
| 2023 | -23.5% | +24.6% |
| 2024 | -43.7% | +5.7% |
| 2025 | -61.1% | -8.6% |
| 2026 | -79.3% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLGN and RRX good diversifiers for each other?
Yes. With a correlation of -0.30, CLGN and RRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLGN and RRX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.57 over the last year and -0.17 over 5 years.
Is RRX a good diversifier for CLGN?
Yes. With a correlation of -0.30, CLGN and RRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/clgn-vs-rrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clgn-vs-rrx/)
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Related comparisons
Hubs: CLGN correlations · RRX correlations
