HRB vs RRX: Correlation
H&R Block, Inc. (HRB) and Regal Rexnord Corporation (RRX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRB and RRX?
Across a 3-year window, the weekly returns of HRB and RRX correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.25). Stretching to 5 years gives -0.08, with an annualized covariance of -348.7 %².
Among the 13 assets we track against HRB, RRX sits near the bottom by co-movement, at rank #13. Neither side won the trailing year by much: +7.6% against +8.2%.
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.
HRB vs RRX: side by side
| HRB (H&R Block, Inc.) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +7.6% | +8.2% |
| 5-year return | +141.8% | +18.1% |
| Volatility (ann.) | 32.8% | 42.0% |
| Beta vs S&P 500 | 0.31 | 1.10 |
| Max drawdown (3Y) | -55.5% | -48.1% |
| Market cap | $6.5B | $10.9B |
| P/E (trailing) | 9.3 | 34.0 |
| Dividend yield | 3.19% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRB | RRX |
|---|---|---|
| 2022 | +59.9% | -28.7% |
| 2023 | +36.9% | +24.6% |
| 2024 | +12.0% | +5.7% |
| 2025 | -14.9% | -8.6% |
| 2026 | +23.5% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRB and RRX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRB and RRX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.50 over the last year and -0.08 over 5 years.
Is RRX a good diversifier for HRB?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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: HRB correlations · RRX correlations
