GNRC vs RYAN: Correlation
Measured on weekly returns over the past three years, Generac (GNRC) and Ryan Specialty Holdings, Inc. (RYAN) 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 GNRC and RYAN?
On 3 years of weekly data the GNRC/RYAN correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.22). The 5-year figure is -0.07, and annualized covariance runs at -339.5 %².
RYAN is close to the least connected end of GNRC's tracked universe, ranking #32 of 35. Their recent paths diverged sharply: over the last 12 months GNRC outperformed by 28.8 percentage points (+5.5% for GNRC against -23.3% for RYAN).
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.
GNRC vs RYAN: side by side
| GNRC (Generac) | RYAN (Ryan Specialty Holdings, Inc.) | |
|---|---|---|
| 1-year return | +5.5% | -23.3% |
| 5-year return | -55.4% | +36.6% |
| Volatility (ann.) | 46.1% | 33.3% |
| Beta vs S&P 500 | 1.35 | 0.36 |
| Max drawdown (3Y) | -47.8% | -60.9% |
| Market cap | $11.6B | $17.0B |
| P/E (trailing) | 47.4 | 58.8 |
| Dividend yield | 0.00% | 1.16% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | RYAN |
|---|---|---|
| 2022 | -71.4% | +2.9% |
| 2023 | +28.4% | +3.6% |
| 2024 | +20.0% | +50.9% |
| 2025 | -12.0% | -18.9% |
| 2026 | +44.7% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and RYAN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GNRC and RYAN?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.48 over the last year and -0.07 over 5 years.
Is RYAN a good diversifier for GNRC?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/gnrc-vs-ryan.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNRC correlations · RYAN correlations
