RGR vs SBFG: Correlation
Measured on weekly returns over the past three years, Sturm, Ruger & Company, Inc. (RGR) and SB Financial Group, Inc. (SBFG) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGR and SBFG?
Across a 3-year window, the weekly returns of RGR and SBFG correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.23 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -201.1 %².
SBFG is close to the least connected end of RGR's tracked universe, ranking #12 of 16. The last year tells two different stories: SBFG led by 25.9 percentage points, +9.3% for RGR against +35.2% for SBFG.
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.
RGR vs SBFG: side by side
| RGR (Sturm, Ruger & Company, Inc.) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +9.3% | +35.2% |
| 5-year return | -41.2% | +88.6% |
| Volatility (ann.) | 29.8% | 29.8% |
| Beta vs S&P 500 | 0.09 | 0.34 |
| Max drawdown (3Y) | -46.0% | -27.8% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | 51.7 | 10.3 |
| Dividend yield | 1.15% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGR | SBFG |
|---|---|---|
| 2022 | -15.4% | -7.0% |
| 2023 | -8.0% | -5.9% |
| 2024 | -20.9% | +41.1% |
| 2025 | -6.1% | +9.5% |
| 2026 | +16.9% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGR and SBFG good diversifiers for each other?
Yes. With a correlation of -0.23, RGR and SBFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RGR and SBFG?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.38 over the last year and -0.11 over 5 years.
Is SBFG a good diversifier for RGR?
Yes. With a correlation of -0.23, RGR and SBFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/rgr-vs-sbfg.json
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Related comparisons
Hubs: RGR correlations · SBFG correlations
