PERI vs RENT: Correlation
How closely do Perion Network Ltd (PERI) and Rent the Runway, Inc. (RENT) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PERI and RENT?
Over the past 3 years, PERI and RENT moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -2849.2 %².
Out of 10 assets tracked against PERI, RENT lands near the bottom at #8. The last year tells two different stories: PERI led by 39.5 percentage points, +3.7% for PERI against -35.8% for RENT. Note the risk asymmetry: RENT runs 4.3 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.
PERI vs RENT: side by side
| PERI (Perion Network Ltd) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +3.7% | -35.8% |
| 5-year return | -54.1% | -99.1% |
| Volatility (ann.) | 48.9% | 212.1% |
| Beta vs S&P 500 | 1.06 | 2.17 |
| Max drawdown (3Y) | -80.1% | -91.6% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PERI | RENT |
|---|---|---|
| 2022 | +5.2% | -62.6% |
| 2023 | +22.0% | -82.7% |
| 2024 | -72.6% | -19.5% |
| 2025 | +13.1% | -6.9% |
| 2026 | +0.3% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PERI and RENT good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between PERI and RENT?
As of 2026-08-27, the correlation of weekly returns between PERI and RENT is -0.27 over 3 years, 0.24 over 1 year and -0.16 over 5 years.
Is RENT a good diversifier for PERI?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/peri-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peri-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PERI correlations · RENT correlations
