RJF vs STEW: Correlation
Raymond James Financial (RJF) and SRH Total Return Fund, Inc. (STEW) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RJF and STEW?
Across a 3-year window, the weekly returns of RJF and STEW correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 231.9 %².
Within RJF's tracked universe of 29 assets, STEW comes in at #12 by 3-year correlation. Twelve-month performance is nearly a tie, at +6.3% for RJF and +5.2% for STEW. Note the risk asymmetry: RJF runs 1.8 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.
RJF vs STEW: side by side
| RJF (Raymond James Financial) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | +5.2% |
| 5-year return | +102.1% | +61.2% |
| Volatility (ann.) | 24.8% | 14.1% |
| Beta vs S&P 500 | 1.03 | 0.67 |
| Max drawdown (3Y) | -28.1% | -10.5% |
| Market cap | $33.8B | $1.8B |
| P/E (trailing) | 15.4 | 12.1 |
| Dividend yield | 1.20% | 3.91% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | RJF | STEW |
|---|---|---|
| 2022 | +8.3% | -7.3% |
| 2023 | +6.1% | +13.5% |
| 2024 | +40.8% | +19.9% |
| 2025 | +4.7% | +20.3% |
| 2026 | +10.8% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RJF and STEW good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RJF and STEW?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.56 over the last year and 0.66 over 5 years.
Is STEW a good diversifier for RJF?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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/rjf-vs-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rjf-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RJF correlations · STEW correlations
