DNOW vs RS: Correlation
How closely do DNOW Inc. (DNOW) and Reliance, Inc. (RS) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNOW and RS?
On 3 years of weekly data the DNOW/RS correlation comes out at 0.60, strong. The link has tightened recently: the 1-year correlation (0.71) runs above the 3-year figure (0.60). The 5-year figure is 0.56, and annualized covariance runs at 662.8 %².
In DNOW's tracked universe of 10 assets, RS sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months RS outperformed by 32.6 percentage points (+2.1% for DNOW against +34.7% for RS). Risk is not evenly split, since DNOW carries 1.7 times the volatility of the other side.
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.
DNOW vs RS: side by side
| DNOW (DNOW Inc.) | RS (Reliance, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +34.7% |
| 5-year return | +111.4% | +177.9% |
| Volatility (ann.) | 43.7% | 25.5% |
| Beta vs S&P 500 | 0.83 | 0.77 |
| Max drawdown (3Y) | -36.8% | -22.3% |
| Market cap | $2.9B | $20.0B |
| P/E (trailing) | – | 22.8 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNOW | RS |
|---|---|---|
| 2022 | +48.7% | +27.1% |
| 2023 | -10.9% | +40.3% |
| 2024 | +14.9% | -2.3% |
| 2025 | +1.8% | +9.1% |
| 2026 | +22.9% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNOW and RS good diversifiers for each other?
To a limited degree. At 0.60 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 DNOW and RS?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.71 over the last year and 0.56 over 5 years.
Is RS a good diversifier for DNOW?
To a limited degree. At 0.60 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 0.60 mean?
On the −1 to +1 scale, 0.60 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/dnow-vs-rs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnow-vs-rs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNOW correlations · RS correlations
