KD vs RIME: Correlation
Kyndryl Holdings, Inc. (KD) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KD and RIME?
Across a 3-year window, the weekly returns of KD and RIME correlate at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.65 versus -0.36 over 3 years. Stretching to 5 years gives -0.26, with an annualized covariance of -3755.1 %².
Among the 27 assets we track against KD, RIME sits near the bottom by co-movement, at rank #24. Correlation aside, the last 12 months split them widely, with KD ahead by 28.6 points (-58.0% versus -86.6%). Note the risk asymmetry: RIME runs 3.7 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.
KD vs RIME: side by side
| KD (Kyndryl Holdings, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -58.0% | -86.6% |
| 5-year return | -67.5% | -100.0% |
| Volatility (ann.) | 53.4% | 197.4% |
| Beta vs S&P 500 | 1.59 | -0.17 |
| Max drawdown (3Y) | -75.6% | -99.9% |
| Market cap | $2.9B | – |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KD | RIME |
|---|---|---|
| 2022 | -38.6% | -43.3% |
| 2023 | +86.9% | -77.1% |
| 2024 | +66.5% | -91.1% |
| 2025 | -23.2% | -94.4% |
| 2026 | -50.1% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KD and RIME good diversifiers for each other?
Yes. With a correlation of -0.36, KD and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KD and RIME?
As of 2026-08-27, the correlation of weekly returns between KD and RIME is -0.36 over 3 years, -0.65 over 1 year and -0.26 over 5 years.
Is RIME a good diversifier for KD?
Yes. With a correlation of -0.36, KD and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/kd-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kd-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KD correlations · RIME correlations
