CBRE vs RIME: Correlation
How closely do CBRE Group (CBRE) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and RIME?
On 3 years of weekly data the CBRE/RIME correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.59 versus -0.35 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -2073.7 %².
RIME is close to the least connected end of CBRE's tracked universe, ranking #39 of 41. The last year tells two different stories: CBRE led by 76.9 percentage points, -9.7% for CBRE against -86.6% for RIME. One caveat on sizing: RIME is 6.5 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.
CBRE vs RIME: side by side
| CBRE (CBRE Group) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -9.7% | -86.6% |
| 5-year return | +53.3% | -100.0% |
| Volatility (ann.) | 30.4% | 197.4% |
| Beta vs S&P 500 | 1.04 | -0.17 |
| Max drawdown (3Y) | -27.4% | -99.9% |
| Market cap | $42.6B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | RIME |
|---|---|---|
| 2022 | -29.1% | -43.3% |
| 2023 | +21.0% | -77.1% |
| 2024 | +41.0% | -91.1% |
| 2025 | +22.5% | -94.4% |
| 2026 | -8.4% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and RIME good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CBRE and RIME?
The CBRE/RIME correlation stands at -0.35 on a 3-year window (1 year: -0.59, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for CBRE?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 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/cbre-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbre-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBRE correlations · RIME correlations
