RECT vs TGEN: Correlation
How closely do Rectitude Holdings Ltd (RECT) and Tecogen Inc. (TGEN) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RECT and TGEN?
On 3 years of weekly data the RECT/TGEN correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.38 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 2965.5 %².
Few assets follow RECT as closely as TGEN, which ranks #3 of 18 tracked partners. Over the last 12 months TGEN came out ahead by 12.3 percentage points (-72.1% against -59.8%). One caveat on sizing: TGEN is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RECT vs TGEN: side by side
| RECT (Rectitude Holdings Ltd) | TGEN (Tecogen Inc.) | |
|---|---|---|
| 1-year return | -72.1% | -59.8% |
| 5-year return | n/a | +76.1% |
| Volatility (ann.) | 65.0% | 106.2% |
| Beta vs S&P 500 | 0.67 | 1.92 |
| Max drawdown (3Y) | -85.4% | -83.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | 6.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RECT | TGEN |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | – | -35.2% |
| 2024 | – | +80.9% |
| 2025 | -74.1% | +237.2% |
| 2026 | -27.0% | -35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RECT and TGEN good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RECT and TGEN?
The RECT/TGEN correlation stands at 0.38 on a 3-year window (1 year: 0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TGEN a good diversifier for RECT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rect-vs-tgen.json
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[](https://www.pairbook.io/pair/rect-vs-tgen/)
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Related comparisons
Hubs: RECT correlations · TGEN correlations
