AKAN vs RDZN: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and Roadzen, Inc. (RDZN) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and RDZN?
Over the past 3 years, AKAN and RDZN moved with a correlation of 0.31, which is moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.31). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 10780.6 %².
By 3-year correlation, RDZN places #12 of the 26 assets tracked against AKAN. Correlation aside, the last 12 months split them widely, with RDZN ahead by 145.7 points (-95.2% versus +50.5%). One caveat on sizing: AKAN is 2.3 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.
AKAN vs RDZN: side by side
| AKAN (Akanda Corp.) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | -95.2% | +50.5% |
| 5-year return | -100.0% | -84.9% |
| Volatility (ann.) | 285.6% | 122.6% |
| Beta vs S&P 500 | 2.86 | 1.57 |
| Max drawdown (3Y) | -99.9% | -94.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 6.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | RDZN |
|---|---|---|
| 2023 | -70.5% | -50.3% |
| 2024 | -95.5% | -57.2% |
| 2025 | -90.9% | +10.6% |
| 2026 | -58.9% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and RDZN good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AKAN and RDZN?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.62 over the last year and 0.29 over 5 years.
Is RDZN a good diversifier for AKAN?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKAN correlations · RDZN correlations
