GNW vs RDN: Correlation
How closely do Genworth Financial Inc (GNW) and Radian Group Inc. (RDN) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNW and RDN?
Over the past 3 years, GNW and RDN moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 392.4 %².
Within GNW's tracked universe of 14 assets, RDN comes in at #6 by 3-year correlation. The trailing year gives GNW the advantage: +14.5% versus +7.6%, a 6.9-point spread.
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.
GNW vs RDN: side by side
| GNW (Genworth Financial Inc) | RDN (Radian Group Inc.) | |
|---|---|---|
| 1-year return | +14.5% | +7.6% |
| 5-year return | +172.1% | +82.4% |
| Volatility (ann.) | 28.1% | 23.5% |
| Beta vs S&P 500 | 0.59 | 0.64 |
| Max drawdown (3Y) | -21.7% | -16.5% |
| Market cap | $3.8B | $4.8B |
| P/E (trailing) | 19.5 | 9.1 |
| Dividend yield | 0.00% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNW | RDN |
|---|---|---|
| 2022 | +30.6% | -6.3% |
| 2023 | +26.3% | +55.3% |
| 2024 | +4.6% | +14.5% |
| 2025 | +29.2% | +16.9% |
| 2026 | +10.0% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNW and RDN good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GNW and RDN?
As of 2026-08-27, the correlation of weekly returns between GNW and RDN is 0.60 over 3 years, 0.66 over 1 year and 0.55 over 5 years.
Is RDN a good diversifier for GNW?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 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/gnw-vs-rdn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnw-vs-rdn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNW correlations · RDN correlations
