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RUSHA vs RUSHB: Correlation

Measured on weekly returns over the past three years, Rush Enterprises, Inc. (RUSHA) and Rush Enterprises, Inc. (RUSHB) carry a correlation of 0.88, a very strong link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.88
very strong
Correlation (1Y)
0.82
last 12 months
Correlation (5Y)
0.87
long-run
Ann. covariance
844.8
%² · weekly, annualized

How correlated are RUSHA and RUSHB?

Across a 3-year window, the weekly returns of RUSHA and RUSHB correlate at 0.88, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. Stretching to 5 years gives 0.87, with an annualized covariance of 844.8 %².

RUSHB is one of the assets that tracks RUSHA most closely: it ranks #1 out of the 13 assets we track against RUSHA. Neither side won the trailing year by much: +31.8% against +31.6%.

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.

RUSHA vs RUSHB: side by side

RUSHA (Rush Enterprises, Inc.)RUSHB (Rush Enterprises, Inc.)
1-year return+31.8%+31.6%
5-year return+177.5%+185.6%
Volatility (ann.)31.3%30.8%
Beta vs S&P 5000.930.88
Max drawdown (3Y)-26.8%-28.5%
Market cap$8.3B$9.0B
P/E (trailing)23.223.1
Dividend yield0.99%0.99%
Sector / categoryUS ListedUS Listed
Lower P/E: RUSHB 23.1 vs 23.2Smaller drawdown: RUSHA -26.8% vs -28.5%Higher 5y return: RUSHB +185.6% vs +177.5%
-18%0%+42%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. RUSHA · RUSHB

Year-by-year returns

YearRUSHARUSHB
2022-4.5%+5.9%
2023+46.7%+43.4%
2024+10.4%+4.3%
2025-0.2%+4.8%
2026+42.8%+38.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are RUSHA and RUSHB good diversifiers for each other?

Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.

FAQ

What is the correlation between RUSHA and RUSHB?

The RUSHA/RUSHB correlation stands at 0.88 on a 3-year window (1 year: 0.82, 5 years: 0.87), computed from weekly returns as of 2026-08-27.

Is RUSHB a good diversifier for RUSHA?

Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.

What does a correlation of 0.88 mean?

On the −1 to +1 scale, 0.88 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.

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RUSHA vs RUSHB: 3-year weekly correlation 0.88RUSHA vs RUSHB0.88

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Hubs: RUSHA correlations · RUSHB correlations