FBIN vs RIME: Correlation
Fortune Brands Innovations, Inc. (FBIN) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and RIME?
On 3 years of weekly data the FBIN/RIME correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.24, and annualized covariance runs at -2036.5 %².
Among the 20 assets we track against FBIN, RIME sits near the bottom by co-movement, at rank #18. The last year tells two different stories: FBIN led by 64.5 percentage points, -22.1% for FBIN against -86.6% for RIME. Risk is not evenly split, since RIME carries 5.1 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.
FBIN vs RIME: side by side
| FBIN (Fortune Brands Innovations, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -86.6% |
| 5-year return | -42.9% | -100.0% |
| Volatility (ann.) | 38.8% | 197.4% |
| Beta vs S&P 500 | 1.29 | -0.17 |
| Max drawdown (3Y) | -61.9% | -99.9% |
| Market cap | $5.4B | – |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | RIME |
|---|---|---|
| 2022 | -36.5% | -43.3% |
| 2023 | +35.2% | -77.1% |
| 2024 | -9.1% | -91.1% |
| 2025 | -25.4% | -94.4% |
| 2026 | -7.8% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between FBIN and RIME?
The FBIN/RIME correlation stands at -0.27 on a 3-year window (1 year: -0.32, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for FBIN?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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: FBIN correlations · RIME correlations
