CRNC vs RCS: Correlation
Measured on weekly returns over the past three years, Cerence Inc. (CRNC) and PIMCO Strategic Income Fund, Inc. (RCS) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and RCS?
On 3 years of weekly data the CRNC/RCS correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (-0.18). The 5-year figure is -0.05, and annualized covariance runs at -644.9 %².
Out of 21 assets tracked against CRNC, RCS lands near the bottom at #19. Their 12-month results are close: -19.8% for CRNC against -20.8% for RCS. Note the risk asymmetry: CRNC runs 5.0 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.
CRNC vs RCS: side by side
| CRNC (Cerence Inc.) | RCS (PIMCO Strategic Income Fund, Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -20.8% |
| 5-year return | -92.5% | +5.4% |
| Volatility (ann.) | 136.3% | 27.0% |
| Beta vs S&P 500 | 2.35 | 0.77 |
| Max drawdown (3Y) | -90.9% | -32.9% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | 6.9 |
| Dividend yield | 0.00% | 9.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | RCS |
|---|---|---|
| 2022 | -75.8% | -19.5% |
| 2023 | +6.1% | +37.6% |
| 2024 | -60.1% | +37.5% |
| 2025 | +36.2% | -21.5% |
| 2026 | -21.3% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and RCS good diversifiers for each other?
Yes. With a correlation of -0.18, CRNC and RCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRNC and RCS?
As of 2026-08-27, the correlation of weekly returns between CRNC and RCS is -0.18 over 3 years, 0.23 over 1 year and -0.05 over 5 years.
Is RCS a good diversifier for CRNC?
Yes. With a correlation of -0.18, CRNC and RCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/crnc-vs-rcs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnc-vs-rcs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRNC correlations · RCS correlations
