RBA vs SPMC: Correlation
RB Global, Inc. (RBA) and Sound Point Meridian Capital, Inc. (SPMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBA and SPMC?
Over the past 3 years, RBA and SPMC moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 361.7 %².
Among the 10 assets we track against RBA, SPMC ranks #5 by 3-year correlation. On 12-month performance RBA holds a 9.3-point edge, -25.3% against -34.6%.
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.
RBA vs SPMC: side by side
| RBA (RB Global, Inc.) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | -25.3% | -34.6% |
| 5-year return | +48.6% | n/a |
| Volatility (ann.) | 28.2% | 31.4% |
| Beta vs S&P 500 | 0.69 | 1.01 |
| Max drawdown (3Y) | -30.9% | -52.9% |
| Market cap | $15.9B | $0.2B |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 1.47% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBA | SPMC |
|---|---|---|
| 2022 | -3.9% | – |
| 2023 | +20.3% | – |
| 2024 | +36.8% | – |
| 2025 | +14.7% | -22.5% |
| 2026 | -15.9% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBA and SPMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RBA and SPMC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is SPMC a good diversifier for RBA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/rba-vs-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rba-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RBA correlations · SPMC correlations
