NUE vs RYZ: Correlation
Nucor (NUE) and Ryerson Holding Corporation (RYZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUE and RYZ?
Over the past 3 years, NUE and RYZ moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 927.1 %².
By 3-year correlation, RYZ places #7 of the 34 assets tracked against NUE. Correlation aside, the last 12 months split them widely, with NUE ahead by 54.9 points (+70.1% versus +15.2%).
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 RYZ: side by side
| NUE (Nucor) | RYZ (Ryerson Holding Corporation) | |
|---|---|---|
| 1-year return | +70.1% | +15.2% |
| 5-year return | +124.6% | +20.9% |
| Volatility (ann.) | 33.3% | 47.4% |
| Beta vs S&P 500 | 1.08 | 1.18 |
| Max drawdown (3Y) | -47.8% | -49.0% |
| Market cap | $57.3B | $1.3B |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 0.88% | 2.98% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | NUE | RYZ |
|---|---|---|
| 2022 | +17.4% | +18.3% |
| 2023 | +33.8% | +17.1% |
| 2024 | -32.0% | -44.9% |
| 2025 | +42.0% | +40.4% |
| 2026 | +55.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUE and RYZ good diversifiers for each other?
Only partially. A correlation of 0.59 means NUE and RYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NUE and RYZ?
The NUE/RYZ correlation stands at 0.59 on a 3-year window (1 year: 0.60, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is RYZ a good diversifier for NUE?
Only partially. A correlation of 0.59 means NUE and RYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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-ryz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nue-vs-ryz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NUE correlations · RYZ correlations
