AON vs RIME: Correlation
Measured on weekly returns over the past three years, Aon plc (AON) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and RIME?
On 3 years of weekly data the AON/RIME correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.22, and annualized covariance runs at -920.4 %².
RIME is close to the least connected end of AON's tracked universe, ranking #29 of 32. Correlation aside, the last 12 months split them widely, with AON ahead by 82.0 points (-4.6% versus -86.6%). Note the risk asymmetry: RIME runs 9.1 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.
AON vs RIME: side by side
| AON (Aon plc) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -86.6% |
| 5-year return | +27.0% | -100.0% |
| Volatility (ann.) | 21.7% | 197.4% |
| Beta vs S&P 500 | 0.34 | -0.17 |
| Max drawdown (3Y) | -24.2% | -99.9% |
| Market cap | $74.2B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AON | RIME |
|---|---|---|
| 2022 | +0.6% | -43.3% |
| 2023 | -2.3% | -77.1% |
| 2024 | +24.5% | -91.1% |
| 2025 | -1.2% | -94.4% |
| 2026 | -0.5% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AON and RIME?
As of 2026-08-27, the correlation of weekly returns between AON and RIME is -0.21 over 3 years, -0.29 over 1 year and -0.22 over 5 years.
Is RIME a good diversifier for AON?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/aon-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aon-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AON correlations · RIME correlations
