ECPG vs RNST: Correlation
Measured on weekly returns over the past three years, Encore Capital Group Inc (ECPG) and Renasant Corporation (RNST) 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 ECPG and RNST?
On 3 years of weekly data the ECPG/RNST correlation comes out at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.52). The 5-year figure is 0.47, and annualized covariance runs at 563.8 %².
Within ECPG's tracked universe of 16 assets, RNST comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ECPG outperformed by 137.2 percentage points (+144.3% for ECPG against +7.1% for RNST).
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.
ECPG vs RNST: side by side
| ECPG (Encore Capital Group Inc) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +144.3% | +7.1% |
| 5-year return | +114.1% | +34.8% |
| Volatility (ann.) | 35.6% | 30.4% |
| Beta vs S&P 500 | 0.85 | 0.95 |
| Max drawdown (3Y) | -49.2% | -29.3% |
| Market cap | $2.2B | $3.8B |
| P/E (trailing) | 7.7 | 12.1 |
| Dividend yield | 0.00% | 2.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECPG | RNST |
|---|---|---|
| 2022 | -22.8% | +1.7% |
| 2023 | +5.9% | -7.7% |
| 2024 | -5.9% | +9.1% |
| 2025 | +13.8% | +1.0% |
| 2026 | +87.6% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and RNST good diversifiers for each other?
Only partially. A correlation of 0.52 means ECPG and RNST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ECPG and RNST?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.19 over the last year and 0.47 over 5 years.
Is RNST a good diversifier for ECPG?
Only partially. A correlation of 0.52 means ECPG and RNST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: ECPG correlations · RNST correlations
