RIME vs RYAN: Correlation
Measured on weekly returns over the past three years, Algorhythm Holdings, Inc. (RIME) and Ryan Specialty Holdings, Inc. (RYAN) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIME and RYAN?
Over the past 3 years, RIME and RYAN moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1815.9 %².
By 3-year correlation, RYAN places #47 of the 62 assets tracked against RIME. The last year tells two different stories: RYAN led by 63.3 percentage points, -86.6% for RIME against -23.3% for RYAN. Note the risk asymmetry: RIME runs 5.9 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.
RIME vs RYAN: side by side
| RIME (Algorhythm Holdings, Inc.) | RYAN (Ryan Specialty Holdings, Inc.) | |
|---|---|---|
| 1-year return | -86.6% | -23.3% |
| 5-year return | -100.0% | +36.6% |
| Volatility (ann.) | 197.4% | 33.3% |
| Beta vs S&P 500 | -0.17 | 0.36 |
| Max drawdown (3Y) | -99.9% | -60.9% |
| Market cap | – | $17.0B |
| P/E (trailing) | – | 58.8 |
| Dividend yield | 0.00% | 1.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIME | RYAN |
|---|---|---|
| 2022 | -43.3% | +2.9% |
| 2023 | -77.1% | +3.6% |
| 2024 | -91.1% | +50.9% |
| 2025 | -94.4% | -18.9% |
| 2026 | -72.8% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIME and RYAN good diversifiers for each other?
Yes. With a correlation of -0.28, RIME and RYAN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RIME and RYAN?
The RIME/RYAN correlation stands at -0.28 on a 3-year window (1 year: -0.46, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is RYAN a good diversifier for RIME?
Yes. With a correlation of -0.28, RIME and RYAN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/rime-vs-ryan.json
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Related comparisons
Hubs: RIME correlations · RYAN correlations
