KMT vs RRX: Correlation
Kennametal Inc. (KMT) and Regal Rexnord Corporation (RRX) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMT and RRX?
Over the past 3 years, KMT and RRX moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 858.3 %².
Among the 21 assets we track against KMT, RRX ranks #5 by 3-year correlation. The last year tells two different stories: KMT led by 35.1 percentage points, +43.3% for KMT against +8.2% for RRX.
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.
KMT vs RRX: side by side
| KMT (Kennametal Inc.) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +43.3% | +8.2% |
| 5-year return | -6.6% | +18.1% |
| Volatility (ann.) | 33.9% | 42.0% |
| Beta vs S&P 500 | 0.73 | 1.10 |
| Max drawdown (3Y) | -42.9% | -48.1% |
| Market cap | $2.3B | $10.9B |
| P/E (trailing) | 6.8 | 34.0 |
| Dividend yield | 2.67% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMT | RRX |
|---|---|---|
| 2022 | -31.0% | -28.7% |
| 2023 | +10.5% | +24.6% |
| 2024 | -3.9% | +5.7% |
| 2025 | +22.6% | -8.6% |
| 2026 | +8.1% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMT and RRX 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 KMT and RRX?
The KMT/RRX correlation stands at 0.60 on a 3-year window (1 year: 0.64, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is RRX a good diversifier for KMT?
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.
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Related comparisons
Hubs: KMT correlations · RRX correlations
