RBRK vs TVE: Correlation
Rubrik, Inc. (RBRK) and Tennessee Valley Authority (TVE) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBRK and TVE?
Across a 3-year window, the weekly returns of RBRK and TVE correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -60.6 %².
Among the 20 assets we track against RBRK, TVE sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months RBRK outperformed by 20.6 percentage points (+22.3% for RBRK against +1.7% for TVE). Note the risk asymmetry: RBRK runs 10.5 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.
RBRK vs TVE: side by side
| RBRK (Rubrik, Inc.) | TVE (Tennessee Valley Authority) | |
|---|---|---|
| 1-year return | +22.3% | +1.7% |
| 5-year return | n/a | +0.6% |
| Volatility (ann.) | 63.9% | 6.1% |
| Beta vs S&P 500 | 1.92 | 0.08 |
| Max drawdown (3Y) | -56.1% | -5.7% |
| Market cap | $22.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBRK | TVE |
|---|---|---|
| 2022 | – | -13.5% |
| 2023 | – | +7.2% |
| 2024 | – | +0.1% |
| 2025 | +17.0% | +12.1% |
| 2026 | +39.9% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBRK and TVE good diversifiers for each other?
Yes. With a correlation of -0.21, RBRK and TVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RBRK and TVE?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.29 over the last year and n/a over 5 years.
Is TVE a good diversifier for RBRK?
Yes. With a correlation of -0.21, RBRK and TVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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
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[](https://www.pairbook.io/pair/rbrk-vs-tve/)
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Related comparisons
Hubs: RBRK correlations · TVE correlations
