FBRX vs RYM: Correlation
Forte Biosciences, Inc. (FBRX) and RYTHM, Inc. (RYM) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRX and RYM?
On 3 years of weekly data the FBRX/RYM correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.14 versus 0.42 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 13710.3 %².
Among the 11 assets we track against FBRX, RYM ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FBRX outperformed by 609.9 percentage points (+583.7% for FBRX against -26.2% for RYM).
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.
FBRX vs RYM: side by side
| FBRX (Forte Biosciences, Inc.) | RYM (RYTHM, Inc.) | |
|---|---|---|
| 1-year return | +583.7% | -26.2% |
| 5-year return | -89.5% | -100.0% |
| Volatility (ann.) | 157.4% | 208.3% |
| Beta vs S&P 500 | 1.45 | 2.05 |
| Max drawdown (3Y) | -81.2% | -94.4% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRX | RYM |
|---|---|---|
| 2022 | -53.3% | -99.6% |
| 2023 | -17.8% | -81.1% |
| 2024 | +10.5% | +53.9% |
| 2025 | +20.1% | -26.4% |
| 2026 | +182.3% | +5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRX and RYM good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FBRX and RYM?
As of 2026-08-27, the correlation of weekly returns between FBRX and RYM is 0.42 over 3 years, -0.14 over 1 year and 0.33 over 5 years.
Is RYM a good diversifier for FBRX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/fbrx-vs-rym.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbrx-vs-rym/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBRX correlations · RYM correlations
