RTB vs TDOC: Correlation
RTB Digital, Inc. (RTB) and Teladoc Health, Inc. (TDOC) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RTB and TDOC?
On 3 years of weekly data the RTB/TDOC correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.36). The 5-year figure is 0.28, and annualized covariance runs at 3136.9 %².
Among the 13 assets we track against RTB, TDOC ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RTB outperformed by 33.3 percentage points (+15.5% for RTB against -17.8% for TDOC). Note the risk asymmetry: RTB runs 2.6 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.
RTB vs TDOC: side by side
| RTB (RTB Digital, Inc.) | TDOC (Teladoc Health, Inc.) | |
|---|---|---|
| 1-year return | +15.5% | -17.8% |
| 5-year return | -99.6% | -95.6% |
| Volatility (ann.) | 150.2% | 58.1% |
| Beta vs S&P 500 | 2.93 | 1.55 |
| Max drawdown (3Y) | -99.2% | -80.5% |
| Market cap | $0.2B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RTB | TDOC |
|---|---|---|
| 2022 | -89.0% | -74.2% |
| 2023 | -9.6% | -8.9% |
| 2024 | -68.8% | -57.8% |
| 2025 | -87.7% | -23.0% |
| 2026 | +131.1% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RTB and TDOC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RTB and TDOC?
The RTB/TDOC correlation stands at 0.36 on a 3-year window (1 year: 0.46, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is TDOC a good diversifier for RTB?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/rtb-vs-tdoc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rtb-vs-tdoc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RTB correlations · TDOC correlations
