RYM vs TGT: Correlation
RYTHM, Inc. (RYM) and Target Corporation (TGT) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYM and TGT?
Across a 3-year window, the weekly returns of RYM and TGT correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.20) runs above the 3-year figure (-0.17). Stretching to 5 years gives -0.10, with an annualized covariance of -1146.5 %².
Out of 14 assets tracked against RYM, TGT lands near the bottom at #11. The last year tells two different stories: TGT led by 102.4 percentage points, -26.2% for RYM against +76.2% for TGT. Note the risk asymmetry: RYM runs 6.5 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.
RYM vs TGT: side by side
| RYM (RYTHM, Inc.) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | -26.2% | +76.2% |
| 5-year return | -100.0% | -22.2% |
| Volatility (ann.) | 208.3% | 32.0% |
| Beta vs S&P 500 | 2.05 | 0.62 |
| Max drawdown (3Y) | -94.4% | -49.8% |
| Market cap | – | $75.4B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | RYM | TGT |
|---|---|---|
| 2022 | -99.6% | -34.2% |
| 2023 | -81.1% | -1.4% |
| 2024 | +53.9% | -2.3% |
| 2025 | -26.4% | -24.5% |
| 2026 | +5.5% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYM and TGT good diversifiers for each other?
Yes. With a correlation of -0.17, RYM and TGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RYM and TGT?
As of 2026-08-27, the correlation of weekly returns between RYM and TGT is -0.17 over 3 years, 0.20 over 1 year and -0.10 over 5 years.
Is TGT a good diversifier for RYM?
Yes. With a correlation of -0.17, RYM and TGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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: RYM correlations · TGT correlations
