AJG vs RIME: Correlation
Measured on weekly returns over the past three years, Arthur J. Gallagher & Co. (AJG) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AJG and RIME?
Over the past 3 years, AJG and RIME moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -1443.4 %².
Out of 32 assets tracked against AJG, RIME lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months AJG outperformed by 74.7 percentage points (-11.9% for AJG against -86.6% for RIME). Risk is not evenly split, since RIME carries 7.9 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.
AJG vs RIME: side by side
| AJG (Arthur J. Gallagher & Co.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -11.9% | -86.6% |
| 5-year return | +91.1% | -100.0% |
| Volatility (ann.) | 25.0% | 197.4% |
| Beta vs S&P 500 | 0.36 | -0.17 |
| Max drawdown (3Y) | -44.4% | -99.9% |
| Market cap | $66.7B | – |
| P/E (trailing) | 43.1 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AJG | RIME |
|---|---|---|
| 2022 | +12.4% | -43.3% |
| 2023 | +20.5% | -77.1% |
| 2024 | +27.3% | -91.1% |
| 2025 | -8.0% | -94.4% |
| 2026 | +1.2% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AJG and RIME good diversifiers for each other?
Yes. With a correlation of -0.29, AJG and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AJG and RIME?
As of 2026-08-27, the correlation of weekly returns between AJG and RIME is -0.29 over 3 years, -0.43 over 1 year and -0.26 over 5 years.
Is RIME a good diversifier for AJG?
Yes. With a correlation of -0.29, AJG and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/ajg-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ajg-vs-rime/)
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Related comparisons
Hubs: AJG correlations · RIME correlations
