BIOX vs RITM: Correlation
Measured on weekly returns over the past three years, Bioceres Crop Solutions Corp. (BIOX) and Rithm Capital Corp. (RITM) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIOX and RITM?
On 3 years of weekly data the BIOX/RITM correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.35). The 5-year figure is 0.31, and annualized covariance runs at 497.6 %².
In BIOX's tracked universe of 10 assets, RITM sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months RITM outperformed by 74.4 percentage points (-85.0% for BIOX against -10.6% for RITM). Note the risk asymmetry: BIOX runs 3.2 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.
BIOX vs RITM: side by side
| BIOX (Bioceres Crop Solutions Corp.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | -85.0% | -10.6% |
| 5-year return | -97.0% | +53.6% |
| Volatility (ann.) | 67.6% | 20.9% |
| Beta vs S&P 500 | 0.97 | 0.67 |
| Max drawdown (3Y) | -97.7% | -27.3% |
| Market cap | – | $5.6B |
| P/E (trailing) | – | 16.7 |
| Dividend yield | 0.00% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIOX | RITM |
|---|---|---|
| 2022 | -14.9% | -14.4% |
| 2023 | +14.1% | +45.6% |
| 2024 | -55.7% | +11.1% |
| 2025 | -78.5% | +10.1% |
| 2026 | -69.2% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIOX and RITM good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BIOX and RITM?
As of 2026-08-27, the correlation of weekly returns between BIOX and RITM is 0.35 over 3 years, 0.56 over 1 year and 0.31 over 5 years.
Is RITM a good diversifier for BIOX?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/biox-vs-ritm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/biox-vs-ritm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BIOX correlations · RITM correlations
