RDIB vs REAX: Correlation
How closely do Reading International Inc - Class B Voting (RDIB) and Real REMAX Group Inc. (REAX) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDIB and REAX?
On 3 years of weekly data the RDIB/REAX correlation comes out at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.84) runs above the 3-year figure (0.50). The 5-year figure is 0.43, and annualized covariance runs at 19424.7 %².
In RDIB's tracked universe of 10 assets, REAX sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months REAX outperformed by 344.3 percentage points (+12.8% for RDIB against +357.1% for REAX). One caveat on sizing: REAX is 5.6 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.
RDIB vs REAX: side by side
| RDIB (Reading International Inc - Class B Voting) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | +12.8% | +357.1% |
| 5-year return | -35.9% | +1133.9% |
| Volatility (ann.) | 83.4% | 463.3% |
| Beta vs S&P 500 | 0.58 | 1.90 |
| Max drawdown (3Y) | -72.8% | -76.1% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDIB | REAX |
|---|---|---|
| 2022 | -14.5% | -71.5% |
| 2023 | -29.1% | +52.4% |
| 2024 | -39.6% | +187.5% |
| 2025 | +36.5% | -20.7% |
| 2026 | +32.8% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDIB and REAX good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RDIB and REAX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.84 over the last year and 0.43 over 5 years.
Is REAX a good diversifier for RDIB?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
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Related comparisons
Hubs: RDIB correlations · REAX correlations
