CB vs RKTO: Correlation
How closely do Chubb Limited (CB) and Rocket One Inc. (RKTO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and RKTO?
Over the past 3 years, CB and RKTO moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.24 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -587.3 %².
RKTO is close to the least connected end of CB's tracked universe, ranking #34 of 37. The last year tells two different stories: CB led by 65.0 percentage points, +24.7% for CB against -40.3% for RKTO. Risk is not evenly split, since RKTO carries 7.7 times the volatility of the other side.
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.
CB vs RKTO: side by side
| CB (Chubb Limited) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -40.3% |
| 5-year return | +96.8% | -97.7% |
| Volatility (ann.) | 17.7% | 135.8% |
| Beta vs S&P 500 | 0.17 | 0.30 |
| Max drawdown (3Y) | -14.4% | -81.1% |
| Market cap | $130.5B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.14% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CB | RKTO |
|---|---|---|
| 2022 | +16.0% | -52.7% |
| 2023 | +4.2% | -81.5% |
| 2024 | +23.9% | -48.1% |
| 2025 | +13.7% | +32.4% |
| 2026 | +9.1% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and RKTO good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CB and RKTO?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.12 over 5 years.
Is RKTO a good diversifier for CB?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/cb-vs-rkto.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CB correlations · RKTO correlations
