ICE vs RIME: Correlation
How closely do Intercontinental Exchange (ICE) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICE and RIME?
Across a 3-year window, the weekly returns of ICE and RIME correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.24). Stretching to 5 years gives -0.20, with an annualized covariance of -1003.3 %².
Out of 31 assets tracked against ICE, RIME lands near the bottom at #27. The last year tells two different stories: ICE led by 78.7 percentage points, -7.9% for ICE against -86.6% for RIME. Note the risk asymmetry: RIME runs 9.3 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.
ICE vs RIME: side by side
| ICE (Intercontinental Exchange) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -7.9% | -86.6% |
| 5-year return | +44.2% | -100.0% |
| Volatility (ann.) | 21.2% | 197.4% |
| Beta vs S&P 500 | 0.62 | -0.17 |
| Max drawdown (3Y) | -33.9% | -99.9% |
| Market cap | $90.5B | – |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 1.24% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ICE | RIME |
|---|---|---|
| 2022 | -23.9% | -43.3% |
| 2023 | +27.1% | -77.1% |
| 2024 | +17.5% | -91.1% |
| 2025 | +9.9% | -94.4% |
| 2026 | +0.2% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICE and RIME good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ICE and RIME?
As of 2026-08-27, the correlation of weekly returns between ICE and RIME is -0.24 over 3 years, -0.38 over 1 year and -0.20 over 5 years.
Is RIME a good diversifier for ICE?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/ice-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ice-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ICE correlations · RIME correlations
