FOXA vs RIME: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class A) (FOXA) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and RIME?
Across a 3-year window, the weekly returns of FOXA and RIME correlate 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. Stretching to 5 years gives -0.24, with an annualized covariance of -1554.6 %².
RIME is close to the least connected end of FOXA's tracked universe, ranking #32 of 33. Their recent paths diverged sharply: over the last 12 months FOXA outperformed by 100.6 percentage points (+14.0% for FOXA against -86.6% for RIME). Risk is not evenly split, since RIME carries 6.7 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.
FOXA vs RIME: side by side
| FOXA (Fox Corporation (Class A)) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +14.0% | -86.6% |
| 5-year return | +93.4% | -100.0% |
| Volatility (ann.) | 29.3% | 197.4% |
| Beta vs S&P 500 | 0.56 | -0.17 |
| Max drawdown (3Y) | -35.6% | -99.9% |
| Market cap | $28.3B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 0.80% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | RIME |
|---|---|---|
| 2022 | -16.6% | -43.3% |
| 2023 | -0.8% | -77.1% |
| 2024 | +66.3% | -91.1% |
| 2025 | +51.8% | -94.4% |
| 2026 | -7.6% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and RIME good diversifiers for each other?
Yes. With a correlation of -0.27, FOXA and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOXA and RIME?
As of 2026-08-27, the correlation of weekly returns between FOXA and RIME is -0.27 over 3 years, -0.32 over 1 year and -0.24 over 5 years.
Is RIME a good diversifier for FOXA?
Yes. With a correlation of -0.27, FOXA and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/foxa-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foxa-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOXA correlations · RIME correlations
