ECX vs RGS: Correlation
Measured on weekly returns over the past three years, ECARX Holdings Inc. - Class A (ECX) and Regis Corporation (RGS) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECX and RGS?
Over the past 3 years, ECX and RGS moved with a correlation of 0.32, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.32). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 6696.4 %².
Among the 12 assets we track against ECX, RGS ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RGS ahead by 52.8 points (-33.1% versus +19.7%). Risk is not evenly split, since RGS carries 2.4 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.
ECX vs RGS: side by side
| ECX (ECARX Holdings Inc. - Class A) | RGS (Regis Corporation) | |
|---|---|---|
| 1-year return | -33.1% | +19.7% |
| 5-year return | -88.9% | -75.3% |
| Volatility (ann.) | 93.0% | 226.7% |
| Beta vs S&P 500 | 1.61 | 0.65 |
| Max drawdown (3Y) | -82.6% | -81.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECX | RGS |
|---|---|---|
| 2022 | -18.1% | -29.9% |
| 2023 | -60.5% | -61.3% |
| 2024 | -33.2% | +151.0% |
| 2025 | -18.5% | +17.0% |
| 2026 | -37.8% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECX and RGS good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECX and RGS?
As of 2026-08-27, the correlation of weekly returns between ECX and RGS is 0.32 over 3 years, 0.06 over 1 year and 0.25 over 5 years.
Is RGS a good diversifier for ECX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/ecx-vs-rgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecx-vs-rgs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECX correlations · RGS correlations
