MIDD vs RRX: Correlation
Measured on weekly returns over the past three years, The Middleby Corporation (MIDD) and Regal Rexnord Corporation (RRX) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIDD and RRX?
Across a 3-year window, the weekly returns of MIDD and RRX correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 846.6 %².
Among the 13 assets we track against MIDD, RRX ranks #5 by 3-year correlation. Over the last 12 months RRX came out ahead by 5.7 percentage points (+2.5% against +8.2%).
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.
MIDD vs RRX: side by side
| MIDD (The Middleby Corporation) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +2.5% | +8.2% |
| 5-year return | -24.2% | +18.1% |
| Volatility (ann.) | 36.0% | 42.0% |
| Beta vs S&P 500 | 1.04 | 1.10 |
| Max drawdown (3Y) | -35.4% | -48.1% |
| Market cap | $5.1B | $10.9B |
| P/E (trailing) | 17.3 | 34.0 |
| Dividend yield | 0.00% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIDD | RRX |
|---|---|---|
| 2022 | -31.9% | -28.7% |
| 2023 | +9.9% | +24.6% |
| 2024 | -8.0% | +5.7% |
| 2025 | +9.8% | -8.6% |
| 2026 | -5.0% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIDD and RRX good diversifiers for each other?
To a limited degree. At 0.56 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 MIDD and RRX?
As of 2026-08-27, the correlation of weekly returns between MIDD and RRX is 0.56 over 3 years, 0.50 over 1 year and 0.59 over 5 years.
Is RRX a good diversifier for MIDD?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/midd-vs-rrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/midd-vs-rrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MIDD correlations · RRX correlations
