ALM vs RCG: Correlation
Almonty Industries Inc. (ALM) and RENN Fund, Inc (RCG) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALM and RCG?
Across a 3-year window, the weekly returns of ALM and RCG correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -437.7 %².
Out of 13 assets tracked against ALM, RCG lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with ALM ahead by 337.6 points (+348.7% versus +11.1%). Note the risk asymmetry: ALM runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ALM vs RCG: side by side
| ALM (Almonty Industries Inc.) | RCG (RENN Fund, Inc) | |
|---|---|---|
| 1-year return | +348.7% | +11.1% |
| 5-year return | +1028.4% | +24.1% |
| Volatility (ann.) | 89.8% | 25.8% |
| Beta vs S&P 500 | 1.32 | 0.09 |
| Max drawdown (3Y) | -57.9% | -20.0% |
| Market cap | $5.4B | – |
| P/E (trailing) | 82.1 | 26.5 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALM | RCG |
|---|---|---|
| 2022 | -27.7% | -31.5% |
| 2023 | -19.7% | -4.7% |
| 2024 | +53.2% | +31.6% |
| 2025 | +526.5% | +16.2% |
| 2026 | +114.4% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALM and RCG good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALM and RCG?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.17 over the last year and -0.07 over 5 years.
Is RCG a good diversifier for ALM?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/alm-vs-rcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alm-vs-rcg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALM correlations · RCG correlations
