RC vs TBI: Correlation
Measured on weekly returns over the past three years, Ready Capital Corporation (RC) and TrueBlue, Inc. (TBI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RC and TBI?
On 3 years of weekly data the RC/TBI correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 1287.2 %².
By 3-year correlation, TBI places #5 of the 14 assets tracked against RC. Their recent paths diverged sharply: over the last 12 months TBI outperformed by 129.6 percentage points (-54.0% for RC against +75.6% for TBI). Note the risk asymmetry: TBI runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TBI: side by side
| RC (Ready Capital Corporation) | TBI (TrueBlue, Inc.) | |
|---|---|---|
| 1-year return | -54.0% | +75.6% |
| 5-year return | -78.5% | -60.9% |
| Volatility (ann.) | 38.3% | 65.3% |
| Beta vs S&P 500 | 1.11 | 1.45 |
| Max drawdown (3Y) | -83.7% | -79.2% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 8.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RC | TBI |
|---|---|---|
| 2022 | -18.3% | -29.2% |
| 2023 | +5.9% | -21.7% |
| 2024 | -23.5% | -45.2% |
| 2025 | -65.0% | -45.8% |
| 2026 | -14.1% | +134.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RC and TBI good diversifiers for each other?
Only partially. A correlation of 0.51 means RC and TBI 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 RC and TBI?
As of 2026-08-27, the correlation of weekly returns between RC and TBI is 0.51 over 3 years, 0.59 over 1 year and 0.48 over 5 years.
Is TBI a good diversifier for RC?
Only partially. A correlation of 0.51 means RC and TBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/rc-vs-tbi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rc-vs-tbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RC correlations · TBI correlations
