RH vs ZBRA: Correlation
Measured on weekly returns over the past three years, RH (RH) and Zebra Technologies (ZBRA) 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 RH and ZBRA?
Across a 3-year window, the weekly returns of RH and ZBRA correlate at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.58 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 1581.8 %².
Within RH's tracked universe of 16 assets, ZBRA comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZBRA ahead by 48.8 points (-36.5% versus +12.3%). Note the risk asymmetry: RH runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RH vs ZBRA: side by side
| RH (RH) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | -36.5% | +12.3% |
| 5-year return | -79.8% | -38.2% |
| Volatility (ann.) | 67.4% | 40.8% |
| Beta vs S&P 500 | 2.60 | 1.54 |
| Max drawdown (3Y) | -75.2% | -52.7% |
| Market cap | $2.7B | $17.1B |
| P/E (trailing) | 28.7 | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RH | ZBRA |
|---|---|---|
| 2022 | -50.1% | -56.9% |
| 2023 | +9.1% | +6.6% |
| 2024 | +35.0% | +41.3% |
| 2025 | -54.5% | -37.1% |
| 2026 | -19.2% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RH and ZBRA good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RH and ZBRA?
As of 2026-08-27, the correlation of weekly returns between RH and ZBRA is 0.58 over 3 years, 0.46 over 1 year and 0.56 over 5 years.
Is ZBRA a good diversifier for RH?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/rh-vs-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rh-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RH correlations · ZBRA correlations
