FOXF vs RGR: Correlation
Fox Factory Holding Corp. (FOXF) and Sturm, Ruger & Company, Inc. (RGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXF and RGR?
Over the past 3 years, FOXF and RGR moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.40 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 613.3 %².
Among the 13 assets we track against FOXF, RGR ranks #8 by 3-year correlation. The last year tells two different stories: RGR led by 38.3 percentage points, -29.0% for FOXF against +9.3% for RGR. Note the risk asymmetry: FOXF runs 1.7 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.
FOXF vs RGR: side by side
| FOXF (Fox Factory Holding Corp.) | RGR (Sturm, Ruger & Company, Inc.) | |
|---|---|---|
| 1-year return | -29.0% | +9.3% |
| 5-year return | -86.3% | -41.2% |
| Volatility (ann.) | 52.1% | 29.8% |
| Beta vs S&P 500 | 1.04 | 0.09 |
| Max drawdown (3Y) | -88.1% | -46.0% |
| Market cap | $0.9B | $0.6B |
| P/E (trailing) | – | 51.7 |
| Dividend yield | 0.00% | 1.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXF | RGR |
|---|---|---|
| 2022 | -46.4% | -15.4% |
| 2023 | -26.0% | -8.0% |
| 2024 | -55.1% | -20.9% |
| 2025 | -43.5% | -6.1% |
| 2026 | +23.3% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXF and RGR good diversifiers for each other?
Reasonably. At 0.40, FOXF and RGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOXF and RGR?
As of 2026-08-27, the correlation of weekly returns between FOXF and RGR is 0.40 over 3 years, 0.52 over 1 year and 0.37 over 5 years.
Is RGR a good diversifier for FOXF?
Reasonably. At 0.40, FOXF and RGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FOXF correlations · RGR correlations
