ENVA vs RM: Correlation
Measured on weekly returns over the past three years, Enova International, Inc. (ENVA) and Regional Management Corp. (RM) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVA and RM?
Over the past 3 years, ENVA and RM moved with a correlation of 0.54, which is moderate. The past 12 months show a weaker link (0.44) than the 3-year average (0.54). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 844.5 %².
By 3-year correlation, RM places #7 of the 16 assets tracked against ENVA. The last year tells two different stories: ENVA led by 118.2 percentage points, +98.1% for ENVA against -20.1% for RM.
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.
ENVA vs RM: side by side
| ENVA (Enova International, Inc.) | RM (Regional Management Corp.) | |
|---|---|---|
| 1-year return | +98.1% | -20.1% |
| 5-year return | +622.4% | -32.6% |
| Volatility (ann.) | 40.6% | 38.2% |
| Beta vs S&P 500 | 1.27 | 0.91 |
| Max drawdown (3Y) | -30.0% | -31.0% |
| Market cap | $5.9B | $0.3B |
| P/E (trailing) | 17.6 | 6.9 |
| Dividend yield | 0.00% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVA | RM |
|---|---|---|
| 2022 | -6.3% | -49.6% |
| 2023 | +44.3% | -6.6% |
| 2024 | +73.2% | +41.5% |
| 2025 | +64.0% | +18.1% |
| 2026 | +51.0% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVA and RM good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ENVA and RM?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.44 over the last year and 0.59 over 5 years.
Is RM a good diversifier for ENVA?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/enva-vs-rm.json
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Related comparisons
Hubs: ENVA correlations · RM correlations
