BLNE vs RYDE: Correlation
Measured on weekly returns over the past three years, Beeline Holdings, Inc. (BLNE) and Ryde Group Ltd. Class A (RYDE) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and RYDE?
Over the past 3 years, BLNE and RYDE moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.38 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 12253.7 %².
In BLNE's tracked universe of 19 assets, RYDE sits right near the top at #1. Correlation aside, the last 12 months split them widely, with RYDE ahead by 154.1 points (-36.2% versus +117.9%). One caveat on sizing: RYDE is 1.6 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.
BLNE vs RYDE: side by side
| BLNE (Beeline Holdings, Inc.) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | -36.2% | +117.9% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 136.3% | 224.8% |
| Beta vs S&P 500 | 0.59 | -0.77 |
| Max drawdown (3Y) | -96.7% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLNE | RYDE |
|---|---|---|
| 2022 | -87.2% | – |
| 2023 | -71.8% | – |
| 2024 | -25.3% | – |
| 2025 | -82.1% | -43.5% |
| 2026 | -42.8% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and RYDE good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLNE and RYDE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is RYDE a good diversifier for BLNE?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/blne-vs-ryde.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blne-vs-ryde/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLNE correlations · RYDE correlations
