CING vs RSKD: Correlation
How closely do Cingulate Inc. (CING) and Riskified Ltd. Class A (RSKD) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CING and RSKD?
Across a 3-year window, the weekly returns of CING and RSKD correlate at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.28 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -4307.8 %².
Among the 14 assets we track against CING, RSKD sits near the bottom by co-movement, at rank #12. Neither side won the trailing year by much: +30.1% against +31.6%. Note the risk asymmetry: CING runs 10.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CING vs RSKD: side by side
| CING (Cingulate Inc.) | RSKD (Riskified Ltd. Class A) | |
|---|---|---|
| 1-year return | +30.1% | +31.6% |
| 5-year return | -99.5% | -81.3% |
| Volatility (ann.) | 405.7% | 38.0% |
| Beta vs S&P 500 | 3.94 | 1.09 |
| Max drawdown (3Y) | -99.0% | -42.2% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CING | RSKD |
|---|---|---|
| 2022 | -63.8% | -41.2% |
| 2023 | -61.7% | +1.3% |
| 2024 | -94.6% | +1.1% |
| 2025 | -12.0% | +5.1% |
| 2026 | +25.3% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CING and RSKD good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CING and RSKD?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.20 over the last year and -0.15 over 5 years.
Is RSKD a good diversifier for CING?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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: CING correlations · RSKD correlations
