KNSL vs RIME: Correlation
Measured on weekly returns over the past three years, Kinsale Capital Group, Inc. (KNSL) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and RIME?
Across a 3-year window, the weekly returns of KNSL and RIME correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -1778.0 %².
Out of 15 assets tracked against KNSL, RIME lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with KNSL ahead by 70.7 points (-15.9% versus -86.6%). One caveat on sizing: RIME is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KNSL vs RIME: side by side
| KNSL (Kinsale Capital Group, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -15.9% | -86.6% |
| 5-year return | +110.8% | -100.0% |
| Volatility (ann.) | 37.5% | 197.4% |
| Beta vs S&P 500 | 0.36 | -0.17 |
| Max drawdown (3Y) | -46.8% | -99.9% |
| Market cap | $8.7B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | RIME |
|---|---|---|
| 2022 | +10.2% | -43.3% |
| 2023 | +28.3% | -77.1% |
| 2024 | +39.1% | -91.1% |
| 2025 | -15.8% | -94.4% |
| 2026 | -2.2% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between KNSL and RIME?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.31 over the last year and -0.18 over 5 years.
Is RIME a good diversifier for KNSL?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/knsl-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/knsl-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNSL correlations · RIME correlations
