RIOT vs ZONE: Correlation
Measured on weekly returns over the past three years, Riot Platforms, Inc. (RIOT) and CleanCore Solutions Inc. (ZONE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIOT and ZONE?
Across a 3-year window, the weekly returns of RIOT and ZONE correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 4872.6 %².
By 3-year correlation, ZONE places #16 of the 21 assets tracked against RIOT. The last year tells two different stories: RIOT led by 151.8 percentage points, +54.1% for RIOT against -97.7% for ZONE. Note the risk asymmetry: ZONE runs 1.8 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.
RIOT vs ZONE: side by side
| RIOT (Riot Platforms, Inc.) | ZONE (CleanCore Solutions Inc.) | |
|---|---|---|
| 1-year return | +54.1% | -97.7% |
| 5-year return | -44.6% | n/a |
| Volatility (ann.) | 82.3% | 149.2% |
| Beta vs S&P 500 | 2.40 | 0.94 |
| Max drawdown (3Y) | -66.2% | -97.9% |
| Market cap | $7.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIOT | ZONE |
|---|---|---|
| 2022 | -84.8% | – |
| 2023 | +356.3% | – |
| 2024 | -34.0% | – |
| 2025 | +24.1% | -79.8% |
| 2026 | +64.8% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIOT and ZONE good diversifiers for each other?
Reasonably. At 0.41, RIOT and ZONE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RIOT and ZONE?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is ZONE a good diversifier for RIOT?
Reasonably. At 0.41, RIOT and ZONE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/riot-vs-zone.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/riot-vs-zone/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RIOT correlations · ZONE correlations
