RES vs TORO: Correlation
How closely do RPC, Inc. (RES) and Toro Corp. (TORO) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RES and TORO?
Across a 3-year window, the weekly returns of RES and TORO correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1468.4 %².
Among the 17 assets we track against RES, TORO ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TORO outperformed by 235.8 percentage points (+40.5% for RES against +276.3% for TORO). Risk is not evenly split, since TORO carries 1.8 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.
RES vs TORO: side by side
| RES (RPC, Inc.) | TORO (Toro Corp.) | |
|---|---|---|
| 1-year return | +40.5% | +276.3% |
| 5-year return | +84.8% | n/a |
| Volatility (ann.) | 44.2% | 78.4% |
| Beta vs S&P 500 | 0.56 | 0.97 |
| Max drawdown (3Y) | -51.9% | -71.5% |
| Market cap | $1.4B | $0.2B |
| P/E (trailing) | 58.2 | 311.5 |
| Dividend yield | 2.61% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RES | TORO |
|---|---|---|
| 2022 | +96.7% | – |
| 2023 | -16.4% | – |
| 2024 | -16.4% | -42.9% |
| 2025 | -5.5% | +87.9% |
| 2026 | +20.0% | +96.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RES and TORO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RES and TORO?
The RES/TORO correlation stands at 0.42 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TORO a good diversifier for RES?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/res-vs-toro.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/res-vs-toro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RES correlations · TORO correlations
