RENX vs SPB: Correlation
RenX Enterprises Corp. (RENX) and Spectrum Brands Holdings, Inc. (SPB) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RENX and SPB?
Across a 3-year window, the weekly returns of RENX and SPB correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -3079.1 %².
Out of 28 assets tracked against RENX, SPB lands near the bottom at #25. Correlation aside, the last 12 months split them widely, with SPB ahead by 151.7 points (-91.0% versus +60.7%). Risk is not evenly split, since RENX carries 10.1 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.
RENX vs SPB: side by side
| RENX (RenX Enterprises Corp.) | SPB (Spectrum Brands Holdings, Inc.) | |
|---|---|---|
| 1-year return | -91.0% | +60.7% |
| 5-year return | n/a | +26.1% |
| Volatility (ann.) | 322.0% | 31.9% |
| Beta vs S&P 500 | 1.58 | 0.83 |
| Max drawdown (3Y) | -99.9% | -46.3% |
| Market cap | – | $2.0B |
| P/E (trailing) | – | 27.7 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RENX | SPB |
|---|---|---|
| 2022 | – | -38.7% |
| 2023 | – | +34.1% |
| 2024 | -90.5% | +8.0% |
| 2025 | -92.5% | -27.9% |
| 2026 | -46.1% | +52.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RENX and SPB good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RENX and SPB?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.22 over the last year and n/a over 5 years.
Is SPB a good diversifier for RENX?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/renx-vs-spb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/renx-vs-spb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RENX correlations · SPB correlations
