EMPD vs RENX: Correlation
Empery Digital Inc. (EMPD) and RenX Enterprises Corp. (RENX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMPD and RENX?
On 3 years of weekly data the EMPD/RENX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.22) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -9796.9 %².
Among the 10 assets we track against EMPD, RENX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months EMPD outperformed by 35.6 percentage points (-55.4% for EMPD against -91.0% for RENX). Risk is not evenly split, since RENX carries 2.4 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.
EMPD vs RENX: side by side
| EMPD (Empery Digital Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | -55.4% | -91.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 135.0% | 322.0% |
| Beta vs S&P 500 | 1.57 | 1.58 |
| Max drawdown (3Y) | -100.0% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMPD | RENX |
|---|---|---|
| 2022 | -90.6% | – |
| 2023 | -98.0% | – |
| 2024 | -99.9% | -90.5% |
| 2025 | -86.9% | -92.5% |
| 2026 | -31.4% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMPD and RENX good diversifiers for each other?
Yes. With a correlation of -0.22, EMPD and RENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EMPD and RENX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.22 over the last year and n/a over 5 years.
Is RENX a good diversifier for EMPD?
Yes. With a correlation of -0.22, EMPD and RENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/empd-vs-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/empd-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMPD correlations · RENX correlations
