RMCF vs RYAN: Correlation
Rocky Mountain Chocolate Factory, Inc. (RMCF) and Ryan Specialty Holdings, Inc. (RYAN) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMCF and RYAN?
Across a 3-year window, the weekly returns of RMCF and RYAN correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -565.5 %².
Among the 18 assets we track against RMCF, RYAN sits near the bottom by co-movement, at rank #17. Their 12-month results are close: -19.9% for RMCF against -23.3% for RYAN. Note the risk asymmetry: RMCF runs 2.1 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.
RMCF vs RYAN: side by side
| RMCF (Rocky Mountain Chocolate Factory, Inc.) | RYAN (Ryan Specialty Holdings, Inc.) | |
|---|---|---|
| 1-year return | -19.9% | -23.3% |
| 5-year return | -84.3% | +36.6% |
| Volatility (ann.) | 68.5% | 33.3% |
| Beta vs S&P 500 | 0.77 | 0.36 |
| Max drawdown (3Y) | -87.0% | -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 | RMCF | RYAN |
|---|---|---|
| 2022 | -27.4% | +2.9% |
| 2023 | -19.3% | +3.6% |
| 2024 | -47.2% | +50.9% |
| 2025 | -21.8% | -18.9% |
| 2026 | -38.4% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMCF and RYAN good diversifiers for each other?
Yes. With a correlation of -0.25, RMCF and RYAN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RMCF and RYAN?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.35 over the last year and -0.19 over 5 years.
Is RYAN a good diversifier for RMCF?
Yes. With a correlation of -0.25, RMCF and RYAN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: RMCF correlations · RYAN correlations
