EXPD vs RIME: Correlation
Measured on weekly returns over the past three years, Expeditors International (EXPD) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and RIME?
On 3 years of weekly data the EXPD/RIME correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.24 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -1144.2 %².
Among the 33 assets we track against EXPD, RIME sits near the bottom by co-movement, at rank #30. Their recent paths diverged sharply: over the last 12 months EXPD outperformed by 144.1 percentage points (+57.5% for EXPD against -86.6% for RIME). Note the risk asymmetry: RIME runs 8.2 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.
EXPD vs RIME: side by side
| EXPD (Expeditors International) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +57.5% | -86.6% |
| 5-year return | +60.9% | -100.0% |
| Volatility (ann.) | 24.2% | 197.4% |
| Beta vs S&P 500 | 0.65 | -0.17 |
| Max drawdown (3Y) | -21.3% | -99.9% |
| Market cap | $24.8B | – |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EXPD | RIME |
|---|---|---|
| 2022 | -21.7% | -43.3% |
| 2023 | +23.9% | -77.1% |
| 2024 | -11.9% | -91.1% |
| 2025 | +36.2% | -94.4% |
| 2026 | +28.7% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD 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 EXPD and RIME?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.40 over the last year and -0.20 over 5 years.
Is RIME a good diversifier for EXPD?
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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/expd-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expd-vs-rime/)
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Related comparisons
Hubs: EXPD correlations · RIME correlations
