FOX vs RIME: Correlation
How closely do Fox Corporation (Class B) (FOX) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and RIME?
On 3 years of weekly data the FOX/RIME correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -1462.2 %².
RIME is close to the least connected end of FOX's tracked universe, ranking #30 of 32. The last year tells two different stories: FOX led by 98.8 percentage points, +12.2% for FOX against -86.6% for RIME. One caveat on sizing: RIME is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FOX vs RIME: side by side
| FOX (Fox Corporation (Class B)) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +12.2% | -86.6% |
| 5-year return | +88.7% | -100.0% |
| Volatility (ann.) | 28.5% | 197.4% |
| Beta vs S&P 500 | 0.58 | -0.17 |
| Max drawdown (3Y) | -34.1% | -99.9% |
| Market cap | $25.4B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | RIME |
|---|---|---|
| 2022 | -15.8% | -43.3% |
| 2023 | -1.2% | -77.1% |
| 2024 | +68.3% | -91.1% |
| 2025 | +43.4% | -94.4% |
| 2026 | -6.5% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and RIME good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOX and RIME?
The FOX/RIME correlation stands at -0.26 on a 3-year window (1 year: -0.31, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for FOX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/fox-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fox-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOX correlations · RIME correlations
