RGR vs SWBI: Correlation
Measured on weekly returns over the past three years, Sturm, Ruger & Company, Inc. (RGR) and Smith & Wesson Brands, Inc. (SWBI) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGR and SWBI?
On 3 years of weekly data the RGR/SWBI correlation comes out at 0.58, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.58). The 5-year figure is 0.58, and annualized covariance runs at 684.4 %².
In RGR's tracked universe of 16 assets, SWBI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with SWBI ahead by 57.1 points (+9.3% versus +66.4%).
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 SWBI: side by side
| RGR (Sturm, Ruger & Company, Inc.) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | +9.3% | +66.4% |
| 5-year return | -41.2% | -34.9% |
| Volatility (ann.) | 29.8% | 39.8% |
| Beta vs S&P 500 | 0.09 | 0.30 |
| Max drawdown (3Y) | -46.0% | -54.2% |
| Market cap | $0.6B | $0.6B |
| P/E (trailing) | 51.7 | 32.7 |
| Dividend yield | 1.15% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGR | SWBI |
|---|---|---|
| 2022 | -15.4% | -49.6% |
| 2023 | -8.0% | +62.2% |
| 2024 | -20.9% | -22.5% |
| 2025 | -6.1% | +3.1% |
| 2026 | +16.9% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGR and SWBI good diversifiers for each other?
Only partially. A correlation of 0.58 means RGR and SWBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RGR and SWBI?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.68 over the last year and 0.58 over 5 years.
Is SWBI a good diversifier for RGR?
Only partially. A correlation of 0.58 means RGR and SWBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgr-vs-swbi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RGR correlations · SWBI correlations
