AWK vs RDZN: Correlation
Measured on weekly returns over the past three years, American Water Works (AWK) and Roadzen, Inc. (RDZN) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWK and RDZN?
Over the past 3 years, AWK and RDZN moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -694.2 %².
Out of 49 assets tracked against AWK, RDZN lands near the bottom at #46. The last year tells two different stories: RDZN led by 53.5 percentage points, -3.0% for AWK against +50.5% for RDZN. One caveat on sizing: RDZN is 5.9 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.
AWK vs RDZN: side by side
| AWK (American Water Works) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | -3.0% | +50.5% |
| 5-year return | -16.6% | -84.9% |
| Volatility (ann.) | 20.7% | 122.6% |
| Beta vs S&P 500 | -0.11 | 1.57 |
| Max drawdown (3Y) | -18.8% | -94.0% |
| Market cap | $27.2B | $0.1B |
| P/E (trailing) | 23.7 | 6.8 |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AWK | RDZN |
|---|---|---|
| 2022 | -17.9% | – |
| 2023 | -11.7% | -50.3% |
| 2024 | -3.5% | -57.2% |
| 2025 | +7.4% | +10.6% |
| 2026 | +6.9% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWK and RDZN good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between AWK and RDZN?
The AWK/RDZN correlation stands at -0.27 on a 3-year window (1 year: -0.34, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is RDZN a good diversifier for AWK?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awk-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awk-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWK correlations · RDZN correlations
