NDAQ vs RIME: Correlation
Nasdaq, Inc. (NDAQ) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDAQ and RIME?
Across a 3-year window, the weekly returns of NDAQ and RIME correlate at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -769.0 %².
Among the 35 assets we track against NDAQ, RIME ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NDAQ outperformed by 92.7 percentage points (+6.1% for NDAQ against -86.6% for RIME). One caveat on sizing: RIME is 8.5 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.
NDAQ vs RIME: side by side
| NDAQ (Nasdaq, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.1% | -86.6% |
| 5-year return | +64.4% | -100.0% |
| Volatility (ann.) | 23.2% | 197.4% |
| Beta vs S&P 500 | 0.80 | -0.17 |
| Max drawdown (3Y) | -23.4% | -99.9% |
| Market cap | $55.5B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | NDAQ | RIME |
|---|---|---|
| 2022 | -11.2% | -43.3% |
| 2023 | -3.7% | -77.1% |
| 2024 | +34.8% | -91.1% |
| 2025 | +27.2% | -94.4% |
| 2026 | +3.0% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDAQ and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between NDAQ and RIME?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.25 over the last year and -0.14 over 5 years.
Is RIME a good diversifier for NDAQ?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/ndaq-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ndaq-vs-rime/)
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Related comparisons
Hubs: NDAQ correlations · RIME correlations
