RS vs RYZ: Correlation
How closely do Reliance, Inc. (RS) and Ryerson Holding Corporation (RYZ) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RS and RYZ?
Over the past 3 years, RS and RYZ moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 784.2 %².
Among the 13 assets we track against RS, RYZ ranks #5 by 3-year correlation. The last year tells two different stories: RS led by 19.5 percentage points, +34.7% for RS against +15.2% for RYZ. Risk is not evenly split, since RYZ carries 1.9 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.
RS vs RYZ: side by side
| RS (Reliance, Inc.) | RYZ (Ryerson Holding Corporation) | |
|---|---|---|
| 1-year return | +34.7% | +15.2% |
| 5-year return | +177.9% | +20.9% |
| Volatility (ann.) | 25.5% | 47.4% |
| Beta vs S&P 500 | 0.77 | 1.18 |
| Max drawdown (3Y) | -22.3% | -49.0% |
| Market cap | $20.0B | $1.3B |
| P/E (trailing) | 22.8 | – |
| Dividend yield | 1.25% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RS | RYZ |
|---|---|---|
| 2022 | +27.1% | +18.3% |
| 2023 | +40.3% | +17.1% |
| 2024 | -2.3% | -44.9% |
| 2025 | +9.1% | +40.4% |
| 2026 | +37.0% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RS and RYZ good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RS and RYZ?
As of 2026-08-27, the correlation of weekly returns between RS and RYZ is 0.65 over 3 years, 0.70 over 1 year and 0.64 over 5 years.
Is RYZ a good diversifier for RS?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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/rs-vs-ryz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rs-vs-ryz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RS correlations · RYZ correlations
