IHS vs RGC: Correlation
IHS Holding Limited (IHS) and Regencell Bioscience Holdings Limited (RGC) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHS and RGC?
Over the past 3 years, IHS and RGC moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 8523.5 %².
Within IHS's tracked universe of 10 assets, RGC comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IHS ahead by 76.4 points (+15.2% versus -61.2%). One caveat on sizing: RGC is 7.9 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.
IHS vs RGC: side by side
| IHS (IHS Holding Limited) | RGC (Regencell Bioscience Holdings Limited) | |
|---|---|---|
| 1-year return | +15.2% | -61.2% |
| 5-year return | -51.0% | +626.3% |
| Volatility (ann.) | 55.6% | 441.0% |
| Beta vs S&P 500 | 0.88 | -2.00 |
| Max drawdown (3Y) | -68.7% | -93.9% |
| Market cap | $2.8B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHS | RGC |
|---|---|---|
| 2022 | -56.4% | -12.4% |
| 2023 | -25.2% | -62.4% |
| 2024 | -36.5% | -53.0% |
| 2025 | +155.5% | +16053.8% |
| 2026 | +11.7% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHS and RGC good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IHS and RGC?
The IHS/RGC correlation stands at 0.35 on a 3-year window (1 year: 0.17, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is RGC a good diversifier for IHS?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/ihs-vs-rgc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ihs-vs-rgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IHS correlations · RGC correlations
