MMYT vs RXST: Correlation
Measured on weekly returns over the past three years, MakeMyTrip Limited (MMYT) and RxSight, Inc. (RXST) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMYT and RXST?
On 3 years of weekly data the MMYT/RXST correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 1313.5 %².
RXST is close to the least connected end of MMYT's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months RXST outperformed by 20.9 percentage points (-43.6% for MMYT against -22.7% for RXST).
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.
MMYT vs RXST: side by side
| MMYT (MakeMyTrip Limited) | RXST (RxSight, Inc.) | |
|---|---|---|
| 1-year return | -43.6% | -22.7% |
| 5-year return | +128.7% | -57.2% |
| Volatility (ann.) | 49.5% | 65.8% |
| Beta vs S&P 500 | 1.76 | 1.40 |
| Max drawdown (3Y) | -69.9% | -92.9% |
| Market cap | $5.5B | $0.3B |
| P/E (trailing) | 253.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMYT | RXST |
|---|---|---|
| 2022 | -0.5% | +12.6% |
| 2023 | +70.4% | +218.2% |
| 2024 | +139.0% | -14.7% |
| 2025 | -26.9% | -69.7% |
| 2026 | -29.2% | -36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMYT and RXST good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MMYT and RXST?
The MMYT/RXST correlation stands at 0.40 on a 3-year window (1 year: 0.32, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is RXST a good diversifier for MMYT?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mmyt-vs-rxst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mmyt-vs-rxst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MMYT correlations · RXST correlations
