FIZZ vs RS: Correlation
Measured on weekly returns over the past three years, National Beverage Corp. (FIZZ) and Reliance, Inc. (RS) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIZZ and RS?
On 3 years of weekly data the FIZZ/RS correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 206.1 %².
Few assets follow FIZZ as closely as RS, which ranks #2 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months RS outperformed by 49.7 percentage points (-15.0% for FIZZ against +34.7% for RS).
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.
FIZZ vs RS: side by side
| FIZZ (National Beverage Corp.) | RS (Reliance, Inc.) | |
|---|---|---|
| 1-year return | -15.0% | +34.7% |
| 5-year return | -9.3% | +177.9% |
| Volatility (ann.) | 24.4% | 25.5% |
| Beta vs S&P 500 | 0.36 | 0.77 |
| Max drawdown (3Y) | -41.3% | -22.3% |
| Market cap | $3.0B | $20.0B |
| P/E (trailing) | 16.8 | 22.8 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIZZ | RS |
|---|---|---|
| 2022 | +2.6% | +27.1% |
| 2023 | +6.9% | +40.3% |
| 2024 | -8.0% | -2.3% |
| 2025 | -25.3% | +9.1% |
| 2026 | +12.6% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIZZ and RS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FIZZ and RS?
The FIZZ/RS correlation stands at 0.33 on a 3-year window (1 year: 0.25, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is RS a good diversifier for FIZZ?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fizz-vs-rs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fizz-vs-rs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIZZ correlations · RS correlations
