RIO vs UTSI: Correlation
Measured on weekly returns over the past three years, Rio Tinto Plc (RIO) and UTStarcom Holdings Corp (UTSI) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIO and UTSI?
On 3 years of weekly data the RIO/UTSI correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.35 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 429.6 %².
Among the 19 assets we track against RIO, UTSI sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months RIO outperformed by 85.1 percentage points (+77.2% for RIO against -7.9% for UTSI). One caveat on sizing: UTSI is 1.9 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.
RIO vs UTSI: side by side
| RIO (Rio Tinto Plc) | UTSI (UTStarcom Holdings Corp) | |
|---|---|---|
| 1-year return | +77.2% | -7.9% |
| 5-year return | +94.8% | -54.7% |
| Volatility (ann.) | 25.1% | 48.3% |
| Beta vs S&P 500 | 0.70 | 0.72 |
| Max drawdown (3Y) | -24.2% | -48.1% |
| Market cap | $170.4B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 4.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIO | UTSI |
|---|---|---|
| 2022 | +18.5% | +2.0% |
| 2023 | +11.1% | -3.1% |
| 2024 | -15.4% | -15.7% |
| 2025 | +44.5% | -12.4% |
| 2026 | +37.5% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIO and UTSI good diversifiers for each other?
Reasonably. At 0.35, RIO and UTSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RIO and UTSI?
As of 2026-08-27, the correlation of weekly returns between RIO and UTSI is 0.35 over 3 years, 0.24 over 1 year and 0.31 over 5 years.
Is UTSI a good diversifier for RIO?
Reasonably. At 0.35, RIO and UTSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rio-vs-utsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rio-vs-utsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RIO correlations · UTSI correlations
