MLEC vs RIME: Correlation
Measured on weekly returns over the past three years, Moolec Science SA (MLEC) and Algorhythm Holdings, Inc. (RIME) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLEC and RIME?
Across a 3-year window, the weekly returns of MLEC and RIME correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.25, with an annualized covariance of 6561.5 %².
By 3-year correlation, RIME places #6 of the 24 assets tracked against MLEC. The last year tells two different stories: MLEC led by 22.3 percentage points, -64.3% for MLEC against -86.6% for RIME. Note the risk asymmetry: RIME runs 1.9 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.
MLEC vs RIME: side by side
| MLEC (Moolec Science SA) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -64.3% | -86.6% |
| 5-year return | -99.5% | -100.0% |
| Volatility (ann.) | 104.4% | 197.4% |
| Beta vs S&P 500 | -0.21 | -0.17 |
| Max drawdown (3Y) | -99.3% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLEC | RIME |
|---|---|---|
| 2022 | +22.7% | -43.3% |
| 2023 | -79.7% | -77.1% |
| 2024 | -67.5% | -91.1% |
| 2025 | -96.8% | -94.4% |
| 2026 | +78.0% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLEC and RIME good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MLEC and RIME?
As of 2026-08-27, the correlation of weekly returns between MLEC and RIME is 0.32 over 3 years, 0.39 over 1 year and 0.25 over 5 years.
Is RIME a good diversifier for MLEC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/mlec-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mlec-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MLEC correlations · RIME correlations
