INVZ vs RGTI: Correlation
How closely do Innoviz Technologies Ltd. (INVZ) and Rigetti Computing, Inc. (RGTI) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVZ and RGTI?
On 3 years of weekly data the INVZ/RGTI correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.45). The 5-year figure is 0.38, and annualized covariance runs at 5992.4 %².
Among the 10 assets we track against INVZ, RGTI ranks #4 by 3-year correlation. The last year tells two different stories: RGTI led by 85.8 percentage points, -79.0% for INVZ against +6.8% for RGTI.
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.
INVZ vs RGTI: side by side
| INVZ (Innoviz Technologies Ltd.) | RGTI (Rigetti Computing, Inc.) | |
|---|---|---|
| 1-year return | -79.0% | +6.8% |
| 5-year return | -95.3% | +69.5% |
| Volatility (ann.) | 103.4% | 129.7% |
| Beta vs S&P 500 | 2.69 | 2.64 |
| Max drawdown (3Y) | -88.5% | -77.1% |
| Market cap | $0.1B | $5.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INVZ | RGTI |
|---|---|---|
| 2022 | -38.0% | -92.9% |
| 2023 | -35.6% | +35.1% |
| 2024 | -33.6% | +1449.2% |
| 2025 | -49.2% | +45.2% |
| 2026 | -58.4% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVZ and RGTI good diversifiers for each other?
Reasonably. At 0.45, INVZ and RGTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INVZ and RGTI?
The INVZ/RGTI correlation stands at 0.45 on a 3-year window (1 year: 0.34, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is RGTI a good diversifier for INVZ?
Reasonably. At 0.45, INVZ and RGTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INVZ correlations · RGTI correlations
