CSCO vs RENX: Correlation
Measured on weekly returns over the past three years, Cisco (CSCO) and RenX Enterprises Corp. (RENX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSCO and RENX?
Over the past 3 years, CSCO and RENX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1899.2 %².
Among the 30 assets we track against CSCO, RENX ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CSCO outperformed by 158.3 percentage points (+67.3% for CSCO against -91.0% for RENX). One caveat on sizing: RENX is 12.2 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.
CSCO vs RENX: side by side
| CSCO (Cisco) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +67.3% | -91.0% |
| 5-year return | +118.1% | n/a |
| Volatility (ann.) | 26.4% | 322.0% |
| Beta vs S&P 500 | 0.84 | 1.58 |
| Max drawdown (3Y) | -20.2% | -99.9% |
| Market cap | $442.0B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 1.48% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CSCO | RENX |
|---|---|---|
| 2022 | -22.5% | – |
| 2023 | +9.3% | – |
| 2024 | +21.0% | -90.5% |
| 2025 | +33.5% | -92.5% |
| 2026 | +47.7% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSCO and RENX good diversifiers for each other?
Yes. With a correlation of -0.22, CSCO and RENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CSCO and RENX?
The CSCO/RENX correlation stands at -0.22 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RENX a good diversifier for CSCO?
Yes. With a correlation of -0.22, CSCO and RENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/csco-vs-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csco-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSCO correlations · RENX correlations
