RDZN vs WTRG: Correlation
Roadzen, Inc. (RDZN) and Essential Utilities, Inc. (WTRG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDZN and WTRG?
Across a 3-year window, the weekly returns of RDZN and WTRG correlate at -0.25, 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 -0.18, with an annualized covariance of -590.7 %².
Among the 20 assets we track against RDZN, WTRG sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with RDZN ahead by 44.9 points (+50.5% versus +5.6%). Risk is not evenly split, since RDZN carries 6.3 times the volatility of the other side.
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.
RDZN vs WTRG: side by side
| RDZN (Roadzen, Inc.) | WTRG (Essential Utilities, Inc.) | |
|---|---|---|
| 1-year return | +50.5% | +5.6% |
| 5-year return | -84.9% | -5.2% |
| Volatility (ann.) | 122.6% | 19.6% |
| Beta vs S&P 500 | 1.57 | -0.04 |
| Max drawdown (3Y) | -94.0% | -17.9% |
| Market cap | $0.1B | $11.5B |
| P/E (trailing) | 6.8 | 20.9 |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDZN | WTRG |
|---|---|---|
| 2022 | – | -8.9% |
| 2023 | -50.3% | -19.4% |
| 2024 | -57.2% | +0.5% |
| 2025 | +10.6% | +9.4% |
| 2026 | -38.2% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDZN and WTRG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RDZN and WTRG?
The RDZN/WTRG correlation stands at -0.25 on a 3-year window (1 year: -0.29, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is WTRG a good diversifier for RDZN?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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: RDZN correlations · WTRG correlations
