NKE vs RGS: Correlation
Measured on weekly returns over the past three years, Nike, Inc. (NKE) and Regis Corporation (RGS) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NKE and RGS?
On 3 years of weekly data the NKE/RGS correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.29 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -2436.1 %².
Among the 33 assets we track against NKE, RGS sits near the bottom by co-movement, at rank #31. The last year tells two different stories: RGS led by 69.1 percentage points, -49.4% for NKE against +19.7% for RGS. Risk is not evenly split, since RGS carries 6.2 times the volatility of the other side.
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.
NKE vs RGS: side by side
| NKE (Nike, Inc.) | RGS (Regis Corporation) | |
|---|---|---|
| 1-year return | -49.4% | +19.7% |
| 5-year return | -75.2% | -75.3% |
| Volatility (ann.) | 36.6% | 226.7% |
| Beta vs S&P 500 | 0.93 | 0.65 |
| Max drawdown (3Y) | -66.9% | -81.1% |
| Market cap | $57.0B | – |
| P/E (trailing) | 18.4 | 0.6 |
| Dividend yield | 4.22% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NKE | RGS |
|---|---|---|
| 2022 | -29.0% | -29.9% |
| 2023 | -6.0% | -61.3% |
| 2024 | -29.1% | +151.0% |
| 2025 | -13.8% | +17.0% |
| 2026 | -38.7% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NKE and RGS good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NKE and RGS?
As of 2026-08-27, the correlation of weekly returns between NKE and RGS is -0.29 over 3 years, 0.10 over 1 year and -0.20 over 5 years.
Is RGS a good diversifier for NKE?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/nke-vs-rgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nke-vs-rgs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NKE correlations · RGS correlations
