GEN vs RNG: Correlation
Gen Digital (GEN) and RingCentral, Inc. (RNG) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and RNG?
Across a 3-year window, the weekly returns of GEN and RNG correlate at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.48). Stretching to 5 years gives 0.43, with an annualized covariance of 799.1 %².
Among the 36 assets we track against GEN, RNG ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RNG outperformed by 123.1 percentage points (+1.2% for GEN against +124.3% for RNG). One caveat on sizing: RNG is 1.6 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.
GEN vs RNG: side by side
| GEN (Gen Digital) | RNG (RingCentral, Inc.) | |
|---|---|---|
| 1-year return | +1.2% | +124.3% |
| 5-year return | +26.3% | -73.1% |
| Volatility (ann.) | 31.7% | 52.2% |
| Beta vs S&P 500 | 1.02 | 1.54 |
| Max drawdown (3Y) | -43.6% | -48.6% |
| Market cap | $18.3B | $5.7B |
| P/E (trailing) | 17.3 | 52.7 |
| Dividend yield | 1.69% | 0.23% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GEN | RNG |
|---|---|---|
| 2022 | -15.8% | -81.1% |
| 2023 | +9.3% | -4.1% |
| 2024 | +22.4% | +3.1% |
| 2025 | +1.1% | -17.5% |
| 2026 | +13.9% | +138.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and RNG good diversifiers for each other?
Reasonably. At 0.48, GEN and RNG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GEN and RNG?
As of 2026-08-27, the correlation of weekly returns between GEN and RNG is 0.48 over 3 years, 0.36 over 1 year and 0.43 over 5 years.
Is RNG a good diversifier for GEN?
Reasonably. At 0.48, GEN and RNG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/gen-vs-rng.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gen-vs-rng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEN correlations · RNG correlations
