L vs RKTO: Correlation
Loews Corporation (L) and Rocket One Inc. (RKTO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and RKTO?
Across a 3-year window, the weekly returns of L and RKTO correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -533.4 %².
Out of 54 assets tracked against L, RKTO lands near the bottom at #51. The last year tells two different stories: L led by 54.5 percentage points, +14.2% for L against -40.3% for RKTO. Risk is not evenly split, since RKTO carries 8.2 times the volatility of the other side.
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.
L vs RKTO: side by side
| L (Loews Corporation) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +14.2% | -40.3% |
| 5-year return | +100.1% | -97.7% |
| Volatility (ann.) | 16.6% | 135.8% |
| Beta vs S&P 500 | 0.33 | 0.30 |
| Max drawdown (3Y) | -12.2% | -81.1% |
| Market cap | $22.5B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | RKTO |
|---|---|---|
| 2022 | +1.4% | -52.7% |
| 2023 | +19.8% | -81.5% |
| 2024 | +22.1% | -48.1% |
| 2025 | +24.7% | +32.4% |
| 2026 | +4.5% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and RKTO 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 L and RKTO?
The L/RKTO correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is RKTO a good diversifier for L?
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?
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/l-vs-rkto.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/l-vs-rkto/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: L correlations · RKTO correlations
