CWH vs RICK: Correlation
Measured on weekly returns over the past three years, Camping World Holdings, Inc. (CWH) and RCI Hospitality Holdings, Inc. (RICK) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWH and RICK?
On 3 years of weekly data the CWH/RICK correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.52 over 3. The 5-year figure is 0.46, and annualized covariance runs at 1235.4 %².
Among the 28 assets we track against CWH, RICK ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RICK ahead by 43.1 points (-63.0% versus -19.9%). One caveat on sizing: CWH is 1.6 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.
CWH vs RICK: side by side
| CWH (Camping World Holdings, Inc.) | RICK (RCI Hospitality Holdings, Inc.) | |
|---|---|---|
| 1-year return | -63.0% | -19.9% |
| 5-year return | -79.9% | -54.1% |
| Volatility (ann.) | 60.7% | 39.0% |
| Beta vs S&P 500 | 2.02 | 0.96 |
| Max drawdown (3Y) | -79.1% | -68.8% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 3.84% | 1.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | RICK |
|---|---|---|
| 2022 | -39.6% | +20.0% |
| 2023 | +25.1% | -28.7% |
| 2024 | -17.9% | -12.8% |
| 2025 | -52.2% | -58.2% |
| 2026 | -33.9% | +24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and RICK good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CWH and RICK?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.44 over the last year and 0.46 over 5 years.
Is RICK a good diversifier for CWH?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwh-vs-rick.json
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Related comparisons
Hubs: CWH correlations · RICK correlations
