KEEL vs RIOT: Correlation
How closely do Keel Infrastructure Corp. (KEEL) and Riot Platforms, Inc. (RIOT) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEEL and RIOT?
On 3 years of weekly data the KEEL/RIOT correlation comes out at 0.62, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 5560.4 %².
Among the 11 assets we track against KEEL, RIOT ranks #4 by 3-year correlation. The last year tells two different stories: KEEL led by 107.8 percentage points, +161.9% for KEEL against +54.1% for RIOT.
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.
KEEL vs RIOT: side by side
| KEEL (Keel Infrastructure Corp.) | RIOT (Riot Platforms, Inc.) | |
|---|---|---|
| 1-year return | +161.9% | +54.1% |
| 5-year return | -41.1% | -44.6% |
| Volatility (ann.) | 108.4% | 82.3% |
| Beta vs S&P 500 | 2.18 | 2.40 |
| Max drawdown (3Y) | -81.1% | -66.2% |
| Market cap | $2.2B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KEEL | RIOT |
|---|---|---|
| 2022 | -91.3% | -84.8% |
| 2023 | +561.4% | +356.3% |
| 2024 | -48.8% | -34.0% |
| 2025 | +57.7% | +24.1% |
| 2026 | +49.4% | +64.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEEL and RIOT good diversifiers for each other?
Only partially. A correlation of 0.62 means KEEL and RIOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KEEL and RIOT?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.69 over the last year and 0.71 over 5 years.
Is RIOT a good diversifier for KEEL?
Only partially. A correlation of 0.62 means KEEL and RIOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/keel-vs-riot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/keel-vs-riot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KEEL correlations · RIOT correlations
