RRX vs WOR: Correlation
Regal Rexnord Corporation (RRX) and Worthington Enterprises, Inc. (WOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRX and WOR?
On 3 years of weekly data the RRX/WOR correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 712.3 %².
Among the 24 assets we track against RRX, WOR ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RRX ahead by 21.3 points (+8.2% versus -13.1%).
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 WOR: side by side
| RRX (Regal Rexnord Corporation) | WOR (Worthington Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | -13.1% |
| 5-year return | +18.1% | +73.3% |
| Volatility (ann.) | 42.0% | 34.7% |
| Beta vs S&P 500 | 1.10 | 0.83 |
| Max drawdown (3Y) | -48.1% | -42.4% |
| Market cap | $10.9B | $2.8B |
| P/E (trailing) | 34.0 | 18.5 |
| Dividend yield | 0.85% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRX | WOR |
|---|---|---|
| 2022 | -28.7% | -6.9% |
| 2023 | +24.6% | +91.6% |
| 2024 | +5.7% | -29.3% |
| 2025 | -8.6% | +30.3% |
| 2026 | +17.2% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRX and WOR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RRX and WOR?
The RRX/WOR correlation stands at 0.49 on a 3-year window (1 year: 0.51, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is WOR a good diversifier for RRX?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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.
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Hubs: RRX correlations · WOR correlations
