EIX vs RKTO: Correlation
How closely do Edison International (EIX) and Rocket One Inc. (RKTO) 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 EIX and RKTO?
On 3 years of weekly data the EIX/RKTO correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.28). The 5-year figure is -0.18, and annualized covariance runs at -977.4 %².
Out of 30 assets tracked against EIX, RKTO lands near the bottom at #27. The last year tells two different stories: EIX led by 80.7 percentage points, +40.4% for EIX against -40.3% for RKTO. Note the risk asymmetry: RKTO runs 5.2 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.
EIX vs RKTO: side by side
| EIX (Edison International) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +40.4% | -40.3% |
| 5-year return | +62.2% | -97.7% |
| Volatility (ann.) | 26.0% | 135.8% |
| Beta vs S&P 500 | 0.24 | 0.30 |
| Max drawdown (3Y) | -43.9% | -81.1% |
| Market cap | $28.4B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 4.64% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EIX | RKTO |
|---|---|---|
| 2022 | -2.6% | -52.7% |
| 2023 | +17.4% | -81.5% |
| 2024 | +15.2% | -48.1% |
| 2025 | -20.4% | +32.4% |
| 2026 | +27.6% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and RKTO good diversifiers for each other?
Yes. With a correlation of -0.28, EIX and RKTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EIX and RKTO?
The EIX/RKTO correlation stands at -0.28 on a 3-year window (1 year: -0.17, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is RKTO a good diversifier for EIX?
Yes. With a correlation of -0.28, EIX and RKTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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
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Related comparisons
Hubs: EIX correlations · RKTO correlations
