FGI vs RCG: Correlation
Measured on weekly returns over the past three years, FGI Industries Ltd. (FGI) and RENN Fund, Inc (RCG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGI and RCG?
On 3 years of weekly data the FGI/RCG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.22). The 5-year figure is -0.14, and annualized covariance runs at -750.9 %².
Among the 13 assets we track against FGI, RCG sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months FGI outperformed by 63.9 percentage points (+75.0% for FGI against +11.1% for RCG). One caveat on sizing: FGI is 5.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FGI vs RCG: side by side
| FGI (FGI Industries Ltd.) | RCG (RENN Fund, Inc) | |
|---|---|---|
| 1-year return | +75.0% | +11.1% |
| 5-year return | -61.6% | +24.1% |
| Volatility (ann.) | 133.7% | 25.8% |
| Beta vs S&P 500 | 1.29 | 0.09 |
| Max drawdown (3Y) | -72.6% | -20.0% |
| Market cap | – | – |
| P/E (trailing) | – | 26.5 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGI | RCG |
|---|---|---|
| 2022 | – | -31.5% |
| 2023 | -23.7% | -4.7% |
| 2024 | -52.7% | +31.6% |
| 2025 | +47.1% | +16.2% |
| 2026 | +31.4% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGI and RCG good diversifiers for each other?
Yes. With a correlation of -0.22, FGI and RCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FGI and RCG?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.39 over the last year and -0.14 over 5 years.
Is RCG a good diversifier for FGI?
Yes. With a correlation of -0.22, FGI and RCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/fgi-vs-rcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fgi-vs-rcg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FGI correlations · RCG correlations
