LOAR vs RCI: Correlation
Loar Holdings Inc. (LOAR) and Rogers Communication, Inc. (RCI) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and RCI?
On 3 years of weekly data the LOAR/RCI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -235.3 %².
By 3-year correlation, RCI places #12 of the 23 assets tracked against LOAR. On 12-month performance RCI holds a 5.2-point edge, -0.4% against +4.8%. One caveat on sizing: LOAR is 2.0 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.
LOAR vs RCI: side by side
| LOAR (Loar Holdings Inc.) | RCI (Rogers Communication, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | +4.8% |
| 5-year return | n/a | -14.6% |
| Volatility (ann.) | 49.2% | 24.8% |
| Beta vs S&P 500 | 1.21 | 0.25 |
| Max drawdown (3Y) | -46.0% | -48.2% |
| Market cap | $6.8B | $19.7B |
| P/E (trailing) | 102.9 | 4.5 |
| Dividend yield | 0.00% | 5.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | RCI |
|---|---|---|
| 2022 | – | +1.6% |
| 2023 | – | +3.4% |
| 2024 | – | -31.9% |
| 2025 | -8.0% | +27.3% |
| 2026 | +7.5% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and RCI good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOAR and RCI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.19 over the last year and n/a over 5 years.
Is RCI a good diversifier for LOAR?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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
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Related comparisons
Hubs: LOAR correlations · RCI correlations
