FBRT vs RIME: Correlation
Measured on weekly returns over the past three years, Franklin BSP Realty Trust, Inc. (FBRT) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRT and RIME?
Over the past 3 years, FBRT and RIME moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.28 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -1227.5 %².
Among the 15 assets we track against FBRT, RIME sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months FBRT outperformed by 69.5 percentage points (-17.1% for FBRT against -86.6% for RIME). Risk is not evenly split, since RIME carries 8.8 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.
FBRT vs RIME: side by side
| FBRT (Franklin BSP Realty Trust, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -17.1% | -86.6% |
| 5-year return | -17.6% | -100.0% |
| Volatility (ann.) | 22.5% | 197.4% |
| Beta vs S&P 500 | 0.59 | -0.17 |
| Max drawdown (3Y) | -33.7% | -99.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 13.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRT | RIME |
|---|---|---|
| 2022 | -3.9% | -43.3% |
| 2023 | +16.6% | -77.1% |
| 2024 | +3.7% | -91.1% |
| 2025 | -9.2% | -94.4% |
| 2026 | -12.3% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRT and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between FBRT and RIME?
The FBRT/RIME correlation stands at -0.28 on a 3-year window (1 year: -0.48, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for FBRT?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/fbrt-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbrt-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBRT correlations · RIME correlations
