NMRK vs RCS: Correlation
Measured on weekly returns over the past three years, Newmark Group, Inc. (NMRK) and PIMCO Strategic Income Fund, Inc. (RCS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRK and RCS?
On 3 years of weekly data the NMRK/RCS correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.48). The 5-year figure is 0.42, and annualized covariance runs at 562.5 %².
Among the 19 assets we track against NMRK, RCS ranks #10 by 3-year correlation. On 12-month performance NMRK holds a 7.0-point edge, -13.8% against -20.8%. Risk is not evenly split, since NMRK carries 1.6 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.
NMRK vs RCS: side by side
| NMRK (Newmark Group, Inc.) | RCS (PIMCO Strategic Income Fund, Inc.) | |
|---|---|---|
| 1-year return | -13.8% | -20.8% |
| 5-year return | +23.3% | +5.4% |
| Volatility (ann.) | 43.4% | 27.0% |
| Beta vs S&P 500 | 1.49 | 0.77 |
| Max drawdown (3Y) | -36.6% | -32.9% |
| Market cap | $3.8B | $0.2B |
| P/E (trailing) | 19.7 | 6.9 |
| Dividend yield | 0.95% | 9.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRK | RCS |
|---|---|---|
| 2022 | -57.0% | -19.5% |
| 2023 | +39.9% | +37.6% |
| 2024 | +18.1% | +37.5% |
| 2025 | +36.5% | -21.5% |
| 2026 | -9.5% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRK and RCS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NMRK and RCS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.27 over the last year and 0.42 over 5 years.
Is RCS a good diversifier for NMRK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/nmrk-vs-rcs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmrk-vs-rcs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NMRK correlations · RCS correlations
