RKTO vs SKWD: Correlation
Rocket One Inc. (RKTO) and Skyward Specialty Insurance Group, Inc. (SKWD) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RKTO and SKWD?
On 3 years of weekly data the RKTO/SKWD correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1076.0 %².
Among the 30 assets we track against RKTO, SKWD ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SKWD outperformed by 58.8 percentage points (-40.3% for RKTO against +18.5% for SKWD). Risk is not evenly split, since RKTO carries 3.9 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.
RKTO vs SKWD: side by side
| RKTO (Rocket One Inc.) | SKWD (Skyward Specialty Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -40.3% | +18.5% |
| 5-year return | -97.7% | n/a |
| Volatility (ann.) | 135.8% | 34.9% |
| Beta vs S&P 500 | 0.30 | 0.31 |
| Max drawdown (3Y) | -81.1% | -36.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RKTO | SKWD |
|---|---|---|
| 2022 | -52.7% | – |
| 2023 | -81.5% | – |
| 2024 | -48.1% | +49.2% |
| 2025 | +32.4% | +1.1% |
| 2026 | -27.1% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RKTO and SKWD good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RKTO and SKWD?
As of 2026-08-27, the correlation of weekly returns between RKTO and SKWD is -0.23 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is SKWD a good diversifier for RKTO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rkto-vs-skwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rkto-vs-skwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RKTO correlations · SKWD correlations
