RIGL vs SHW: Correlation
Rigel Pharmaceuticals, Inc. (RIGL) and Sherwin-Williams (SHW) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIGL and SHW?
Across a 3-year window, the weekly returns of RIGL and SHW correlate at 0.50, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.50). Stretching to 5 years gives 0.20, with an annualized covariance of 939.6 %².
Among the 13 assets we track against RIGL, SHW ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RIGL outperformed by 23.0 percentage points (+17.9% for RIGL against -5.1% for SHW). Risk is not evenly split, since RIGL carries 3.1 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.
RIGL vs SHW: side by side
| RIGL (Rigel Pharmaceuticals, Inc.) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | +17.9% | -5.1% |
| 5-year return | +23.3% | +18.3% |
| Volatility (ann.) | 76.9% | 24.6% |
| Beta vs S&P 500 | 1.98 | 0.79 |
| Max drawdown (3Y) | -50.8% | -25.7% |
| Market cap | $0.9B | $83.8B |
| P/E (trailing) | 2.8 | 31.8 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | RIGL | SHW |
|---|---|---|
| 2022 | -43.4% | -32.0% |
| 2023 | -3.3% | +32.7% |
| 2024 | +16.0% | +9.9% |
| 2025 | +154.6% | -3.8% |
| 2026 | +9.4% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIGL and SHW good diversifiers for each other?
Only partially. A correlation of 0.50 means RIGL and SHW 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 RIGL and SHW?
As of 2026-08-27, the correlation of weekly returns between RIGL and SHW is 0.50 over 3 years, 0.32 over 1 year and 0.20 over 5 years.
Is SHW a good diversifier for RIGL?
Only partially. A correlation of 0.50 means RIGL and SHW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/rigl-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rigl-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RIGL correlations · SHW correlations
