REAX vs SKYE: Correlation
How closely do Real REMAX Group Inc. (REAX) and Skye Bioscience, Inc. (SKYE) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REAX and SKYE?
Over the past 3 years, REAX and SKYE moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.98 lands near the 3-year figure. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 157863.1 %².
By 3-year correlation, SKYE places #6 of the 18 assets tracked against REAX. The last year tells two different stories: REAX led by 400.7 percentage points, +357.1% for REAX against -43.6% for SKYE.
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.
REAX vs SKYE: side by side
| REAX (Real REMAX Group Inc.) | SKYE (Skye Bioscience, Inc.) | |
|---|---|---|
| 1-year return | +357.1% | -43.6% |
| 5-year return | +1133.9% | -94.3% |
| Volatility (ann.) | 463.3% | 384.6% |
| Beta vs S&P 500 | 1.90 | 2.80 |
| Max drawdown (3Y) | -76.1% | -98.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REAX | SKYE |
|---|---|---|
| 2022 | -71.5% | -69.2% |
| 2023 | +52.4% | -32.0% |
| 2024 | +187.5% | +4.0% |
| 2025 | -20.7% | -73.5% |
| 2026 | +547.4% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REAX and SKYE good diversifiers for each other?
No: a correlation of 0.89 means REAX and SKYE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between REAX and SKYE?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.98 over the last year and 0.86 over 5 years.
Is SKYE a good diversifier for REAX?
No: a correlation of 0.89 means REAX and SKYE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 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
$ curl https://www.pairbook.io/api/v1/pairs/reax-vs-skye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reax-vs-skye/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REAX correlations · SKYE correlations
