RYDE vs WHLR: Correlation
Measured on weekly returns over the past three years, Ryde Group Ltd. Class A (RYDE) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYDE and WHLR?
On 3 years of weekly data the RYDE/WHLR correlation comes out at 0.42, moderate. The past 12 months show a weaker link (-0.02) than the 3-year average (0.42). The 5-year figure is n/a, and annualized covariance runs at 56431.0 %².
Few assets follow RYDE as closely as WHLR, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months RYDE outperformed by 217.9 percentage points (+117.9% for RYDE against -100.0% for WHLR). Note the risk asymmetry: WHLR runs 2.4 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.
RYDE vs WHLR: side by side
| RYDE (Ryde Group Ltd. Class A) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +117.9% | -100.0% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 224.8% | 545.0% |
| Beta vs S&P 500 | -0.77 | -5.84 |
| Max drawdown (3Y) | -99.1% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYDE | WHLR |
|---|---|---|
| 2022 | – | -28.0% |
| 2023 | – | -98.4% |
| 2024 | – | -98.4% |
| 2025 | -43.5% | -100.0% |
| 2026 | +147.2% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYDE and WHLR good diversifiers for each other?
Reasonably. At 0.42, RYDE and WHLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RYDE and WHLR?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is WHLR a good diversifier for RYDE?
Reasonably. At 0.42, RYDE and WHLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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
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Related comparisons
Hubs: RYDE correlations · WHLR correlations
