AUUD vs RENT: Correlation
Auddia Inc. (AUUD) and Rent the Runway, Inc. (RENT) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUUD and RENT?
Over the past 3 years, AUUD and RENT moved with a correlation of 0.30, which is moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.30). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 6786.9 %².
In AUUD's tracked universe of 19 assets, RENT sits right near the top at #2. The last year tells two different stories: RENT led by 58.8 percentage points, -94.6% for AUUD against -35.8% for RENT. One caveat on sizing: RENT is 2.0 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.
AUUD vs RENT: side by side
| AUUD (Auddia Inc.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | -94.6% | -35.8% |
| 5-year return | -100.0% | -99.1% |
| Volatility (ann.) | 107.6% | 212.1% |
| Beta vs S&P 500 | -0.10 | 2.17 |
| Max drawdown (3Y) | -99.9% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.2 | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUUD | RENT |
|---|---|---|
| 2022 | -46.1% | -62.6% |
| 2023 | -74.0% | -82.7% |
| 2024 | -91.8% | -19.5% |
| 2025 | -88.8% | -6.9% |
| 2026 | -86.7% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUUD and RENT good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUUD and RENT?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.02 over the last year and 0.25 over 5 years.
Is RENT a good diversifier for AUUD?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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/auud-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auud-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUUD correlations · RENT correlations
