RDDT vs TKO: Correlation
How closely do Reddit (RDDT) and TKO Group Holdings (TKO) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDDT and TKO?
Over the past 3 years, RDDT and TKO moved with a correlation of 0.30, which is moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 703.7 %².
Within RDDT's tracked universe of 40 assets, TKO comes in at #29 by 3-year correlation. The last year tells two different stories: TKO led by 27.9 percentage points, -27.1% for RDDT against +0.8% for TKO. On a rolling one-year basis the correlation drifted between 0.12 and 0.51, a moderate band. Note the risk asymmetry: RDDT runs 2.3 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.
RDDT vs TKO: side by side
| RDDT (Reddit) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | -27.1% | +0.8% |
| 5-year return | n/a | +281.8% |
| Volatility (ann.) | 75.2% | 32.1% |
| Beta vs S&P 500 | 2.59 | 0.70 |
| Max drawdown (3Y) | -61.4% | -34.8% |
| Market cap | $29.6B | $34.9B |
| P/E (trailing) | 36.1 | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | RDDT | TKO |
|---|---|---|
| 2022 | – | +39.9% |
| 2023 | – | +23.9% |
| 2024 | – | +74.2% |
| 2025 | +40.6% | +48.9% |
| 2026 | -33.0% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDDT and TKO good diversifiers for each other?
Reasonably. At 0.30, RDDT and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RDDT and TKO?
As of 2026-08-27, the correlation of weekly returns between RDDT and TKO is 0.30 over 3 years, 0.14 over 1 year and n/a over 5 years.
Is TKO a good diversifier for RDDT?
Reasonably. At 0.30, RDDT and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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/rddt-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rddt-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RDDT correlations · TKO correlations
