BOLD vs RMCO: Correlation
How closely do Boundless Bio, Inc. (BOLD) and Royalty Management Holding Corporation (RMCO) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOLD and RMCO?
Over the past 3 years, BOLD and RMCO moved with a correlation of 0.29, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.29 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2052.4 %².
By 3-year correlation, RMCO places #13 of the 18 assets tracked against BOLD. Their recent paths diverged sharply: over the last 12 months BOLD outperformed by 104.3 percentage points (+150.9% for BOLD against +46.6% for RMCO).
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.
BOLD vs RMCO: side by side
| BOLD (Boundless Bio, Inc.) | RMCO (Royalty Management Holding Corporation) | |
|---|---|---|
| 1-year return | +150.9% | +46.6% |
| 5-year return | n/a | -70.7% |
| Volatility (ann.) | 90.9% | 87.1% |
| Beta vs S&P 500 | 1.60 | 0.25 |
| Max drawdown (3Y) | -92.9% | -93.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOLD | RMCO |
|---|---|---|
| 2022 | – | -0.4% |
| 2023 | – | -83.0% |
| 2024 | – | -41.3% |
| 2025 | -58.6% | +211.1% |
| 2026 | +138.3% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOLD and RMCO good diversifiers for each other?
Reasonably. At 0.29, BOLD and RMCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BOLD and RMCO?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.17 over the last year and n/a over 5 years.
Is RMCO a good diversifier for BOLD?
Reasonably. At 0.29, BOLD and RMCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BOLD correlations · RMCO correlations
