PSMT vs RRX: Correlation
Measured on weekly returns over the past three years, PriceSmart, Inc. (PSMT) and Regal Rexnord Corporation (RRX) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSMT and RRX?
Over the past 3 years, PSMT and RRX moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 532.1 %².
In PSMT's tracked universe of 13 assets, RRX sits right near the top at #1. Correlation aside, the last 12 months split them widely, with PSMT ahead by 50.9 points (+59.1% versus +8.2%). Risk is not evenly split, since RRX carries 1.8 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.
PSMT vs RRX: side by side
| PSMT (PriceSmart, Inc.) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +59.1% | +8.2% |
| 5-year return | +116.4% | +18.1% |
| Volatility (ann.) | 23.4% | 42.0% |
| Beta vs S&P 500 | 0.42 | 1.10 |
| Max drawdown (3Y) | -24.0% | -48.1% |
| Market cap | $5.3B | $10.9B |
| P/E (trailing) | 33.8 | 34.0 |
| Dividend yield | 0.76% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSMT | RRX |
|---|---|---|
| 2022 | -15.9% | -28.7% |
| 2023 | +26.2% | +24.6% |
| 2024 | +25.0% | +5.7% |
| 2025 | +34.8% | -8.6% |
| 2026 | +42.2% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSMT and RRX good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PSMT and RRX?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.63 over the last year and 0.41 over 5 years.
Is RRX a good diversifier for PSMT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/psmt-vs-rrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psmt-vs-rrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSMT correlations · RRX correlations
