ACHR vs RCAT: Correlation
Measured on weekly returns over the past three years, Archer Aviation Inc. (ACHR) and Red Cat Holdings, Inc. (RCAT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHR and RCAT?
Over the past 3 years, ACHR and RCAT moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 4952.4 %².
By 3-year correlation, RCAT places #19 of the 26 assets tracked against ACHR. Their recent paths diverged sharply: over the last 12 months RCAT outperformed by 38.6 percentage points (-35.2% for ACHR against +3.4% for RCAT).
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.
ACHR vs RCAT: side by side
| ACHR (Archer Aviation Inc.) | RCAT (Red Cat Holdings, Inc.) | |
|---|---|---|
| 1-year return | -35.2% | +3.4% |
| 5-year return | -40.7% | +239.9% |
| Volatility (ann.) | 87.9% | 121.3% |
| Beta vs S&P 500 | 3.18 | 1.43 |
| Max drawdown (3Y) | -67.4% | -67.2% |
| Market cap | $4.6B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHR | RCAT |
|---|---|---|
| 2022 | -69.0% | -54.8% |
| 2023 | +228.3% | -6.4% |
| 2024 | +58.8% | +1360.2% |
| 2025 | -22.9% | -38.3% |
| 2026 | -21.1% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and RCAT good diversifiers for each other?
Reasonably. At 0.46, ACHR and RCAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACHR and RCAT?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.55 over the last year and 0.32 over 5 years.
Is RCAT a good diversifier for ACHR?
Reasonably. At 0.46, ACHR and RCAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/achr-vs-rcat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/achr-vs-rcat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACHR correlations · RCAT correlations
