RGR vs SBGI: Correlation
Sturm, Ruger & Company, Inc. (RGR) and Sinclair, Inc. (SBGI) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGR and SBGI?
On 3 years of weekly data the RGR/SBGI correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -434.1 %².
Among the 16 assets we track against RGR, SBGI sits near the bottom by co-movement, at rank #13. On 12-month performance RGR holds a 6.1-point edge, +9.3% against +3.2%. Risk is not evenly split, since SBGI carries 1.9 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.
RGR vs SBGI: side by side
| RGR (Sturm, Ruger & Company, Inc.) | SBGI (Sinclair, Inc.) | |
|---|---|---|
| 1-year return | +9.3% | +3.2% |
| 5-year return | -41.2% | -37.1% |
| Volatility (ann.) | 29.8% | 57.6% |
| Beta vs S&P 500 | 0.09 | 0.91 |
| Max drawdown (3Y) | -46.0% | -33.1% |
| Market cap | $0.6B | $1.0B |
| P/E (trailing) | 51.7 | 18.2 |
| Dividend yield | 1.15% | 6.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGR | SBGI |
|---|---|---|
| 2022 | -15.4% | -38.7% |
| 2023 | -8.0% | -9.8% |
| 2024 | -20.9% | +32.6% |
| 2025 | -6.1% | +1.5% |
| 2026 | +16.9% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGR and SBGI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RGR and SBGI?
The RGR/SBGI correlation stands at -0.25 on a 3-year window (1 year: -0.31, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is SBGI a good diversifier for RGR?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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-sbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgr-vs-sbgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RGR correlations · SBGI correlations
