ETSY vs RIME: Correlation
How closely do Etsy, Inc. (ETSY) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETSY and RIME?
Across a 3-year window, the weekly returns of ETSY and RIME correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.19, with an annualized covariance of -2177.8 %².
Out of 12 assets tracked against ETSY, RIME lands near the bottom at #10. The last year tells two different stories: ETSY led by 139.0 percentage points, +52.4% for ETSY against -86.6% for RIME. One caveat on sizing: RIME is 4.3 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.
ETSY vs RIME: side by side
| ETSY (Etsy, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +52.4% | -86.6% |
| 5-year return | -61.9% | -100.0% |
| Volatility (ann.) | 46.0% | 197.4% |
| Beta vs S&P 500 | 0.98 | -0.17 |
| Max drawdown (3Y) | -53.1% | -99.9% |
| Market cap | $7.6B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETSY | RIME |
|---|---|---|
| 2022 | -45.3% | -43.3% |
| 2023 | -32.3% | -77.1% |
| 2024 | -34.7% | -91.1% |
| 2025 | +4.8% | -94.4% |
| 2026 | +49.6% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETSY and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ETSY and RIME?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.38 over the last year and -0.19 over 5 years.
Is RIME a good diversifier for ETSY?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/etsy-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etsy-vs-rime/)
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Related comparisons
Hubs: ETSY correlations · RIME correlations
