RRX vs SLAB: Correlation
Regal Rexnord Corporation (RRX) and Silicon Laboratories, Inc. (SLAB) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRX and SLAB?
Over the past 3 years, RRX and SLAB moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1268.3 %².
Within RRX's tracked universe of 24 assets, SLAB comes in at #4 by 3-year correlation. The last year tells two different stories: SLAB led by 48.6 percentage points, +8.2% for RRX against +56.8% for SLAB.
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.
RRX vs SLAB: side by side
| RRX (Regal Rexnord Corporation) | SLAB (Silicon Laboratories, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | +56.8% |
| 5-year return | +18.1% | +36.7% |
| Volatility (ann.) | 42.0% | 48.6% |
| Beta vs S&P 500 | 1.10 | 1.40 |
| Max drawdown (3Y) | -48.1% | -45.7% |
| Market cap | $10.9B | $7.3B |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRX | SLAB |
|---|---|---|
| 2022 | -28.7% | -34.3% |
| 2023 | +24.6% | -2.5% |
| 2024 | +5.7% | -6.1% |
| 2025 | -8.6% | +5.2% |
| 2026 | +17.2% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRX and SLAB good diversifiers for each other?
To a limited degree. At 0.62 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 RRX and SLAB?
The RRX/SLAB correlation stands at 0.62 on a 3-year window (1 year: 0.69, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SLAB a good diversifier for RRX?
To a limited degree. At 0.62 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 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rrx-vs-slab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrx-vs-slab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RRX correlations · SLAB correlations
