LDI vs RKT: Correlation
How closely do loanDepot, Inc. (LDI) and Rocket Companies, Inc. (RKT) 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 LDI and RKT?
Across a 3-year window, the weekly returns of LDI and RKT correlate at 0.62, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 2953.0 %².
RKT is one of the assets that tracks LDI most closely: it ranks #1 out of the 13 assets we track against LDI. Correlation aside, the last 12 months split them widely, with RKT ahead by 32.5 points (-53.7% versus -21.2%). One caveat on sizing: LDI is 1.6 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.
LDI vs RKT: side by side
| LDI (loanDepot, Inc.) | RKT (Rocket Companies, Inc.) | |
|---|---|---|
| 1-year return | -53.7% | -21.2% |
| 5-year return | -87.7% | -7.5% |
| Volatility (ann.) | 85.9% | 55.4% |
| Beta vs S&P 500 | 1.47 | 1.02 |
| Max drawdown (3Y) | -81.3% | -50.6% |
| Market cap | $0.4B | $40.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LDI | RKT |
|---|---|---|
| 2022 | -64.9% | -46.2% |
| 2023 | +113.3% | +106.9% |
| 2024 | -42.0% | -22.2% |
| 2025 | +1.5% | +81.7% |
| 2026 | -53.0% | -26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDI and RKT good diversifiers for each other?
Only partially. A correlation of 0.62 means LDI and RKT 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 LDI and RKT?
As of 2026-08-27, the correlation of weekly returns between LDI and RKT is 0.62 over 3 years, 0.65 over 1 year and 0.58 over 5 years.
Is RKT a good diversifier for LDI?
Only partially. A correlation of 0.62 means LDI and RKT 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?
A reading of 0.62 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/ldi-vs-rkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ldi-vs-rkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LDI correlations · RKT correlations
