AIRE vs IRDM: Correlation
reAlpha Tech Corp. (AIRE) and Iridium Communications Inc (IRDM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and IRDM?
Over the past 3 years, AIRE and IRDM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2710.5 %².
Out of 18 assets tracked against AIRE, IRDM lands near the bottom at #17. The last year tells two different stories: IRDM led by 175.8 percentage points, -80.4% for AIRE against +95.4% for IRDM. One caveat on sizing: AIRE is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIRE vs IRDM: side by side
| AIRE (reAlpha Tech Corp.) | IRDM (Iridium Communications Inc) | |
|---|---|---|
| 1-year return | -80.4% | +95.4% |
| 5-year return | n/a | +8.5% |
| Volatility (ann.) | 227.0% | 49.3% |
| Beta vs S&P 500 | 2.00 | 0.85 |
| Max drawdown (3Y) | -100.0% | -67.5% |
| Market cap | – | $5.0B |
| P/E (trailing) | – | 54.1 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRE | IRDM |
|---|---|---|
| 2022 | – | +24.5% |
| 2023 | – | -19.1% |
| 2024 | +45.2% | -28.1% |
| 2025 | -85.6% | -38.5% |
| 2026 | -83.8% | +176.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and IRDM good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIRE and IRDM?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.39 over the last year and n/a over 5 years.
Is IRDM a good diversifier for AIRE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/aire-vs-irdm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aire-vs-irdm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIRE correlations · IRDM correlations
