EMBJ vs RITM: Correlation
How closely do Embraer S.A. (EMBJ) and Rithm Capital Corp. (RITM) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBJ and RITM?
Across a 3-year window, the weekly returns of EMBJ and RITM correlate at 0.47, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.47). Stretching to 5 years gives 0.41, with an annualized covariance of 411.6 %².
Few assets follow EMBJ as closely as RITM, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with EMBJ ahead by 46.2 points (+35.6% versus -10.6%). Note the risk asymmetry: EMBJ runs 2.0 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.
EMBJ vs RITM: side by side
| EMBJ (Embraer S.A.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | +35.6% | -10.6% |
| 5-year return | +327.0% | +53.6% |
| Volatility (ann.) | 41.9% | 20.9% |
| Beta vs S&P 500 | 0.91 | 0.67 |
| Max drawdown (3Y) | -32.6% | -27.3% |
| Market cap | $13.4B | $5.6B |
| P/E (trailing) | 30.5 | 16.7 |
| Dividend yield | 0.95% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBJ | RITM |
|---|---|---|
| 2022 | -38.4% | -14.4% |
| 2023 | +68.8% | +45.6% |
| 2024 | +98.8% | +11.1% |
| 2025 | +75.7% | +10.1% |
| 2026 | +17.6% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBJ and RITM good diversifiers for each other?
Reasonably. At 0.47, EMBJ and RITM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMBJ and RITM?
As of 2026-08-27, the correlation of weekly returns between EMBJ and RITM is 0.47 over 3 years, 0.63 over 1 year and 0.41 over 5 years.
Is RITM a good diversifier for EMBJ?
Reasonably. At 0.47, EMBJ and RITM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: EMBJ correlations · RITM correlations
