AIFC vs RFAI: Correlation
How closely do AI Financial Corporation (AIFC) and RF Acquisition Corp II (RFAI) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFC and RFAI?
Over the past 3 years, AIFC and RFAI moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 13001.5 %².
Few assets follow AIFC as closely as RFAI, which ranks #2 of 11 tracked partners. The last year tells two different stories: RFAI led by 480.8 percentage points, -91.3% for AIFC against +389.5% for RFAI. Note the risk asymmetry: RFAI runs 2.0 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.
AIFC vs RFAI: side by side
| AIFC (AI Financial Corporation) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -91.3% | +389.5% |
| 5-year return | -91.3% | n/a |
| Volatility (ann.) | 142.2% | 288.3% |
| Beta vs S&P 500 | 0.34 | -1.62 |
| Max drawdown (3Y) | -96.4% | -16.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIFC | RFAI |
|---|---|---|
| 2022 | -66.5% | – |
| 2023 | -59.1% | – |
| 2024 | +730.4% | – |
| 2025 | -76.3% | +5.2% |
| 2026 | -45.6% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFC and RFAI good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIFC and RFAI?
As of 2026-08-27, the correlation of weekly returns between AIFC and RFAI is 0.35 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is RFAI a good diversifier for AIFC?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/aifc-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aifc-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIFC correlations · RFAI correlations
