IESC vs REAX: Correlation
IES Holdings, Inc. (IESC) and Real REMAX Group Inc. (REAX) show a negative relationship: their 3-year correlation of weekly returns is -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IESC and REAX?
Over the past 3 years, IESC and REAX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.69) runs below the 3-year figure (-0.42). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -13302.3 %².
Out of 18 assets tracked against IESC, REAX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months REAX outperformed by 363.3 percentage points (-6.2% for IESC against +357.1% for REAX). One caveat on sizing: REAX is 6.8 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.
IESC vs REAX: side by side
| IESC (IES Holdings, Inc.) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | -6.2% | +357.1% |
| 5-year return | +580.8% | +1133.9% |
| Volatility (ann.) | 68.3% | 463.3% |
| Beta vs S&P 500 | 1.67 | 1.90 |
| Max drawdown (3Y) | -60.5% | -76.1% |
| Market cap | $13.3B | $0.5B |
| P/E (trailing) | 29.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IESC | REAX |
|---|---|---|
| 2022 | -29.8% | -71.5% |
| 2023 | +122.7% | +52.4% |
| 2024 | +153.7% | +187.5% |
| 2025 | +93.6% | -20.7% |
| 2026 | -14.2% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IESC and REAX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IESC and REAX?
The IESC/REAX correlation stands at -0.42 on a 3-year window (1 year: -0.69, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is REAX a good diversifier for IESC?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
A reading of -0.42 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
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Related comparisons
Hubs: IESC correlations · REAX correlations
