NUE vs RGC: Correlation
How closely do Nucor (NUE) and Regencell Bioscience Holdings Limited (RGC) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUE and RGC?
Over the past 3 years, NUE and RGC moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.07 over 1 year against -0.17 over 3. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -2523.9 %².
Among the 34 assets we track against NUE, RGC ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NUE outperformed by 131.3 percentage points (+70.1% for NUE against -61.2% for RGC). Note the risk asymmetry: RGC runs 13.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NUE vs RGC: side by side
| NUE (Nucor) | RGC (Regencell Bioscience Holdings Limited) | |
|---|---|---|
| 1-year return | +70.1% | -61.2% |
| 5-year return | +124.6% | +626.3% |
| Volatility (ann.) | 33.3% | 441.0% |
| Beta vs S&P 500 | 1.08 | -2.00 |
| Max drawdown (3Y) | -47.8% | -93.9% |
| Market cap | $57.3B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | NUE | RGC |
|---|---|---|
| 2022 | +17.4% | -12.4% |
| 2023 | +33.8% | -62.4% |
| 2024 | -32.0% | -53.0% |
| 2025 | +42.0% | +16053.8% |
| 2026 | +55.6% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUE and RGC good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NUE and RGC?
As of 2026-08-27, the correlation of weekly returns between NUE and RGC is -0.17 over 3 years, -0.07 over 1 year and -0.11 over 5 years.
Is RGC a good diversifier for NUE?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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/nue-vs-rgc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nue-vs-rgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NUE correlations · RGC correlations
