ENR vs RPM: Correlation
Measured on weekly returns over the past three years, Energizer Holdings, Inc. (ENR) and RPM International Inc. (RPM) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and RPM?
Across a 3-year window, the weekly returns of ENR and RPM correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.47). Stretching to 5 years gives 0.44, with an annualized covariance of 480.7 %².
Among the 13 assets we track against ENR, RPM ranks #4 by 3-year correlation. Their 12-month results are close: -16.4% for ENR against -14.3% for RPM. Note the risk asymmetry: ENR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ENR vs RPM: side by side
| ENR (Energizer Holdings, Inc.) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | -16.4% | -14.3% |
| 5-year return | -30.7% | +38.7% |
| Volatility (ann.) | 41.2% | 25.0% |
| Beta vs S&P 500 | 0.78 | 0.85 |
| Max drawdown (3Y) | -56.1% | -32.0% |
| Market cap | $1.5B | $13.5B |
| P/E (trailing) | 18.4 | 20.7 |
| Dividend yield | 5.46% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENR | RPM |
|---|---|---|
| 2022 | -13.2% | -1.7% |
| 2023 | -2.2% | +16.8% |
| 2024 | +14.4% | +12.1% |
| 2025 | -40.1% | -13.9% |
| 2026 | +16.3% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and RPM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENR and RPM?
As of 2026-08-27, the correlation of weekly returns between ENR and RPM is 0.47 over 3 years, 0.63 over 1 year and 0.44 over 5 years.
Is RPM a good diversifier for ENR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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: ENR correlations · RPM correlations
