CALC vs RITM: Correlation
CalciMedica, Inc. (CALC) and Rithm Capital Corp. (RITM) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALC and RITM?
Across a 3-year window, the weekly returns of CALC and RITM correlate at 0.27, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 646.4 %².
Among the 10 assets we track against CALC, RITM ranks #4 by 3-year correlation. The last year tells two different stories: RITM led by 73.2 percentage points, -83.8% for CALC against -10.6% for RITM. One caveat on sizing: CALC is 5.5 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.
CALC vs RITM: side by side
| CALC (CalciMedica, Inc.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | -83.8% | -10.6% |
| 5-year return | n/a | +53.6% |
| Volatility (ann.) | 115.7% | 20.9% |
| Beta vs S&P 500 | 0.26 | 0.67 |
| Max drawdown (3Y) | -93.7% | -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 | CALC | RITM |
|---|---|---|
| 2022 | – | -14.4% |
| 2023 | – | +45.6% |
| 2024 | +23.8% | +11.1% |
| 2025 | +86.2% | +10.1% |
| 2026 | -92.9% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALC and RITM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CALC and RITM?
The CALC/RITM correlation stands at 0.27 on a 3-year window (1 year: 0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RITM a good diversifier for CALC?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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.
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Related comparisons
Hubs: CALC correlations · RITM correlations
