NPK vs RC: Correlation
Measured on weekly returns over the past three years, National Presto Industries, Inc. (NPK) and Ready Capital Corporation (RC) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPK and RC?
Over the past 3 years, NPK and RC moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 545.8 %².
RC is one of the assets that tracks NPK most closely: it ranks #1 out of the 10 assets we track against NPK. Their recent paths diverged sharply: over the last 12 months NPK outperformed by 98.2 percentage points (+44.2% for NPK against -54.0% for RC).
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.
NPK vs RC: side by side
| NPK (National Presto Industries, Inc.) | RC (Ready Capital Corporation) | |
|---|---|---|
| 1-year return | +44.2% | -54.0% |
| 5-year return | +115.3% | -78.5% |
| Volatility (ann.) | 28.9% | 38.3% |
| Beta vs S&P 500 | 0.70 | 1.11 |
| Max drawdown (3Y) | -23.3% | -83.7% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 25.2 | – |
| Dividend yield | 0.66% | 8.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NPK | RC |
|---|---|---|
| 2022 | -11.8% | -18.3% |
| 2023 | +23.8% | +5.9% |
| 2024 | +29.9% | -23.5% |
| 2025 | +9.6% | -65.0% |
| 2026 | +44.8% | -14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPK and RC good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NPK and RC?
The NPK/RC correlation stands at 0.49 on a 3-year window (1 year: 0.46, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is RC a good diversifier for NPK?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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
$ curl https://www.pairbook.io/api/v1/pairs/npk-vs-rc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/npk-vs-rc/)
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Related comparisons
Hubs: NPK correlations · RC correlations
