RC vs SMPL: Correlation
How closely do Ready Capital Corporation (RC) and The Simply Good Foods Company (SMPL) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RC and SMPL?
Across a 3-year window, the weekly returns of RC and SMPL correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 487.1 %².
Among the 14 assets we track against RC, SMPL sits near the bottom by co-movement, at rank #11. Over the last 12 months RC came out ahead by 10.9 percentage points (-54.0% against -64.9%).
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.
RC vs SMPL: side by side
| RC (Ready Capital Corporation) | SMPL (The Simply Good Foods Company) | |
|---|---|---|
| 1-year return | -54.0% | -64.9% |
| 5-year return | -78.5% | -71.3% |
| Volatility (ann.) | 38.3% | 37.3% |
| Beta vs S&P 500 | 1.11 | 0.38 |
| Max drawdown (3Y) | -83.7% | -76.2% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 8.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RC | SMPL |
|---|---|---|
| 2022 | -18.3% | -8.5% |
| 2023 | +5.9% | +4.1% |
| 2024 | -23.5% | -1.6% |
| 2025 | -65.0% | -48.5% |
| 2026 | -14.1% | -49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RC and SMPL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RC and SMPL?
The RC/SMPL correlation stands at 0.34 on a 3-year window (1 year: 0.44, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is SMPL a good diversifier for RC?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: RC correlations · SMPL correlations
