NUE vs RS: Correlation
Measured on weekly returns over the past three years, Nucor (NUE) and Reliance, Inc. (RS) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUE and RS?
Over the past 3 years, NUE and RS moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 647.3 %².
In NUE's tracked universe of 34 assets, RS sits right near the top at #2. The last year tells two different stories: NUE led by 35.4 percentage points, +70.1% for NUE against +34.7% for RS.
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 RS: side by side
| NUE (Nucor) | RS (Reliance, Inc.) | |
|---|---|---|
| 1-year return | +70.1% | +34.7% |
| 5-year return | +124.6% | +177.9% |
| Volatility (ann.) | 33.3% | 25.5% |
| Beta vs S&P 500 | 1.08 | 0.77 |
| Max drawdown (3Y) | -47.8% | -22.3% |
| Market cap | $57.3B | $20.0B |
| P/E (trailing) | 20.1 | 22.8 |
| Dividend yield | 0.88% | 1.25% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | NUE | RS |
|---|---|---|
| 2022 | +17.4% | +27.1% |
| 2023 | +33.8% | +40.3% |
| 2024 | -32.0% | -2.3% |
| 2025 | +42.0% | +9.1% |
| 2026 | +55.6% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUE and RS good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NUE and RS?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.80 over the last year and 0.73 over 5 years.
Is RS a good diversifier for NUE?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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/nue-vs-rs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nue-vs-rs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NUE correlations · RS correlations
