ASTC vs RKTO: Correlation
How closely do Astrotech Corporation (ASTC) and Rocket One Inc. (RKTO) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and RKTO?
Over the past 3 years, ASTC and RKTO moved with a correlation of 0.47, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.47 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 77300.5 %².
Among the 47 assets we track against ASTC, RKTO ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASTC outperformed by 77.8 percentage points (+37.5% for ASTC against -40.3% for RKTO). One caveat on sizing: ASTC is 8.9 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.
ASTC vs RKTO: side by side
| ASTC (Astrotech Corporation) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +37.5% | -40.3% |
| 5-year return | -78.4% | -97.7% |
| Volatility (ann.) | 1206.9% | 135.8% |
| Beta vs S&P 500 | 4.81 | 0.30 |
| Max drawdown (3Y) | -87.5% | -81.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | RKTO |
|---|---|---|
| 2022 | -51.0% | -52.7% |
| 2023 | -15.0% | -81.5% |
| 2024 | -20.8% | -48.1% |
| 2025 | -48.5% | +32.4% |
| 2026 | +105.8% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and RKTO good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASTC and RKTO?
The ASTC/RKTO correlation stands at 0.47 on a 3-year window (1 year: 0.80, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is RKTO a good diversifier for ASTC?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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.
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Related comparisons
Hubs: ASTC correlations · RKTO correlations
