FBRT vs RMNI: Correlation
Franklin BSP Realty Trust, Inc. (FBRT) and Rimini Street, Inc. (RMNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRT and RMNI?
On 3 years of weekly data the FBRT/RMNI correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 525.2 %².
By 3-year correlation, RMNI places #10 of the 15 assets tracked against FBRT. Their recent paths diverged sharply: over the last 12 months RMNI outperformed by 44.7 percentage points (-17.1% for FBRT against +27.6% for RMNI). Note the risk asymmetry: RMNI runs 2.7 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.
FBRT vs RMNI: side by side
| FBRT (Franklin BSP Realty Trust, Inc.) | RMNI (Rimini Street, Inc.) | |
|---|---|---|
| 1-year return | -17.1% | +27.6% |
| 5-year return | -17.6% | -42.9% |
| Volatility (ann.) | 22.5% | 59.7% |
| Beta vs S&P 500 | 0.59 | 1.19 |
| Max drawdown (3Y) | -33.7% | -53.5% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | 19.5 | 76.7 |
| Dividend yield | 13.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRT | RMNI |
|---|---|---|
| 2022 | -3.9% | -36.2% |
| 2023 | +16.6% | -14.2% |
| 2024 | +3.7% | -18.3% |
| 2025 | -9.2% | +45.3% |
| 2026 | -12.3% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRT and RMNI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FBRT and RMNI?
As of 2026-08-27, the correlation of weekly returns between FBRT and RMNI is 0.39 over 3 years, 0.47 over 1 year and 0.33 over 5 years.
Is RMNI a good diversifier for FBRT?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-rmni.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fbrt-vs-rmni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBRT correlations · RMNI correlations
