RYN vs STE: Correlation
Rayonier Inc. REIT (RYN) and Steris (STE) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYN and STE?
Across a 3-year window, the weekly returns of RYN and STE correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 250.9 %².
Among the 12 assets we track against RYN, STE ranks #6 by 3-year correlation. The trailing year gives STE the advantage: -13.1% versus -5.7%, a 7.4-point spread.
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.
RYN vs STE: side by side
| RYN (Rayonier Inc. REIT) | STE (Steris) | |
|---|---|---|
| 1-year return | -13.1% | -5.7% |
| 5-year return | -23.3% | +13.6% |
| Volatility (ann.) | 25.6% | 22.3% |
| Beta vs S&P 500 | 0.57 | 0.43 |
| Max drawdown (3Y) | -31.5% | -25.4% |
| Market cap | $6.2B | $22.7B |
| P/E (trailing) | 44.8 | 28.5 |
| Dividend yield | 5.12% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | RYN | STE |
|---|---|---|
| 2022 | -15.8% | -23.4% |
| 2023 | +5.8% | +20.2% |
| 2024 | -14.0% | -5.6% |
| 2025 | -8.0% | +24.3% |
| 2026 | -2.3% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYN and STE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RYN and STE?
The RYN/STE correlation stands at 0.44 on a 3-year window (1 year: 0.36, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is STE a good diversifier for RYN?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/ryn-vs-ste.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ryn-vs-ste/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RYN correlations · STE correlations
