RKTO vs SRE: Correlation
Rocket One Inc. (RKTO) and Sempra (SRE) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RKTO and SRE?
Across a 3-year window, the weekly returns of RKTO and SRE correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -678.9 %².
By 3-year correlation, SRE places #18 of the 30 assets tracked against RKTO. Correlation aside, the last 12 months split them widely, with SRE ahead by 46.3 points (-40.3% versus +6.0%). Risk is not evenly split, since RKTO carries 5.7 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 SRE: side by side
| RKTO (Rocket One Inc.) | SRE (Sempra) | |
|---|---|---|
| 1-year return | -40.3% | +6.0% |
| 5-year return | -97.7% | +50.4% |
| Volatility (ann.) | 135.8% | 23.9% |
| Beta vs S&P 500 | 0.30 | 0.38 |
| Max drawdown (3Y) | -81.1% | -31.6% |
| Market cap | – | $55.4B |
| P/E (trailing) | – | 24.7 |
| Dividend yield | 0.00% | 3.06% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | RKTO | SRE |
|---|---|---|
| 2022 | -52.7% | +20.3% |
| 2023 | -81.5% | -0.1% |
| 2024 | -48.1% | +21.1% |
| 2025 | +32.4% | +3.9% |
| 2026 | -27.1% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RKTO and SRE good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between RKTO and SRE?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.19 over the last year and -0.11 over 5 years.
Is SRE a good diversifier for RKTO?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RKTO correlations · SRE correlations
