KG vs RGCO: Correlation
Measured on weekly returns over the past three years, Kestrel Group, Ltd. (KG) and RGC Resources Inc. (RGCO) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KG and RGCO?
Over the past 3 years, KG and RGCO moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.39). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 907.7 %².
Few assets follow KG as closely as RGCO, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with RGCO ahead by 74.7 points (-72.8% versus +1.9%). Note the risk asymmetry: KG runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KG vs RGCO: side by side
| KG (Kestrel Group, Ltd.) | RGCO (RGC Resources Inc.) | |
|---|---|---|
| 1-year return | -72.8% | +1.9% |
| 5-year return | -87.8% | +10.2% |
| Volatility (ann.) | 75.1% | 31.0% |
| Beta vs S&P 500 | 1.49 | 0.66 |
| Max drawdown (3Y) | -85.0% | -19.2% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 16.2 |
| Dividend yield | 0.00% | 3.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KG | RGCO |
|---|---|---|
| 2022 | -31.0% | -0.6% |
| 2023 | +8.5% | -4.1% |
| 2024 | -26.2% | +2.5% |
| 2025 | -69.7% | +10.4% |
| 2026 | -26.0% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KG and RGCO good diversifiers for each other?
Reasonably. At 0.39, KG and RGCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KG and RGCO?
As of 2026-08-27, the correlation of weekly returns between KG and RGCO is 0.39 over 3 years, 0.23 over 1 year and 0.33 over 5 years.
Is RGCO a good diversifier for KG?
Reasonably. At 0.39, KG and RGCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kg-vs-rgco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kg-vs-rgco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KG correlations · RGCO correlations
