LAB vs RGP: Correlation
How closely do Standard BioTools Inc. (LAB) and Resources Connection, Inc. (RGP) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAB and RGP?
Across a 3-year window, the weekly returns of LAB and RGP correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 1156.7 %².
In LAB's tracked universe of 11 assets, RGP sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months RGP outperformed by 38.9 percentage points (-49.0% for LAB against -10.1% for RGP). Note the risk asymmetry: LAB runs 1.8 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.
LAB vs RGP: side by side
| LAB (Standard BioTools Inc.) | RGP (Resources Connection, Inc.) | |
|---|---|---|
| 1-year return | -49.0% | -10.1% |
| 5-year return | -90.9% | -66.0% |
| Volatility (ann.) | 69.2% | 38.4% |
| Beta vs S&P 500 | 1.55 | 1.20 |
| Max drawdown (3Y) | -78.7% | -74.7% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAB | RGP |
|---|---|---|
| 2022 | -70.2% | +6.3% |
| 2023 | +88.9% | -20.1% |
| 2024 | -20.8% | -36.5% |
| 2025 | -26.9% | -37.3% |
| 2026 | -49.0% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAB and RGP good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAB and RGP?
The LAB/RGP correlation stands at 0.43 on a 3-year window (1 year: 0.43, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is RGP a good diversifier for LAB?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: LAB correlations · RGP correlations
