BNY vs RIME: Correlation
BNY Mellon (BNY) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and RIME?
On 3 years of weekly data the BNY/RIME correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -600.3 %².
Among the 31 assets we track against BNY, RIME ranks #24 by 3-year correlation. The last year tells two different stories: BNY led by 143.8 percentage points, +57.2% for BNY against -86.6% for RIME. One caveat on sizing: RIME is 9.8 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.
BNY vs RIME: side by side
| BNY (BNY Mellon) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +57.2% | -86.6% |
| 5-year return | +236.7% | -100.0% |
| Volatility (ann.) | 20.2% | 197.4% |
| Beta vs S&P 500 | 0.89 | -0.17 |
| Max drawdown (3Y) | -17.6% | -99.9% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | RIME |
|---|---|---|
| 2022 | -19.1% | -43.3% |
| 2023 | +18.5% | -77.1% |
| 2024 | +51.9% | -91.1% |
| 2025 | +54.4% | -94.4% |
| 2026 | +41.5% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and RIME good diversifiers for each other?
Yes. With a correlation of -0.15, BNY and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNY and RIME?
The BNY/RIME correlation stands at -0.15 on a 3-year window (1 year: -0.22, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for BNY?
Yes. With a correlation of -0.15, BNY and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bny-vs-rime.json
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[](https://www.pairbook.io/pair/bny-vs-rime/)
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Related comparisons
Hubs: BNY correlations · RIME correlations
