GNW vs RKTO: Correlation
Measured on weekly returns over the past three years, Genworth Financial Inc (GNW) and Rocket One Inc. (RKTO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNW and RKTO?
Over the past 3 years, GNW and RKTO moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -838.8 %².
RKTO is close to the least connected end of GNW's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months GNW outperformed by 54.8 percentage points (+14.5% for GNW against -40.3% for RKTO). Risk is not evenly split, since RKTO carries 4.8 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.
GNW vs RKTO: side by side
| GNW (Genworth Financial Inc) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +14.5% | -40.3% |
| 5-year return | +172.1% | -97.7% |
| Volatility (ann.) | 28.1% | 135.8% |
| Beta vs S&P 500 | 0.59 | 0.30 |
| Max drawdown (3Y) | -21.7% | -81.1% |
| Market cap | $3.8B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNW | RKTO |
|---|---|---|
| 2022 | +30.6% | -52.7% |
| 2023 | +26.3% | -81.5% |
| 2024 | +4.6% | -48.1% |
| 2025 | +29.2% | +32.4% |
| 2026 | +10.0% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNW and RKTO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GNW and RKTO?
The GNW/RKTO correlation stands at -0.22 on a 3-year window (1 year: -0.37, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is RKTO a good diversifier for GNW?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/gnw-vs-rkto.json
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Related comparisons
Hubs: GNW correlations · RKTO correlations
