ALIT vs RPD: Correlation
How closely do Alight, Inc. (ALIT) and Rapid7, Inc. (RPD) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALIT and RPD?
Across a 3-year window, the weekly returns of ALIT and RPD correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 2020.1 %².
RPD is one of the assets that tracks ALIT most closely: it ranks #1 out of the 12 assets we track against ALIT. Their recent paths diverged sharply: over the last 12 months RPD outperformed by 46.6 percentage points (-81.3% for ALIT against -34.7% for RPD).
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.
ALIT vs RPD: side by side
| ALIT (Alight, Inc.) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | -81.3% | -34.7% |
| 5-year return | -93.1% | -88.9% |
| Volatility (ann.) | 66.0% | 56.3% |
| Beta vs S&P 500 | 1.49 | 1.42 |
| Max drawdown (3Y) | -95.0% | -91.8% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | – | 37.5 |
| Dividend yield | 11.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALIT | RPD |
|---|---|---|
| 2022 | -22.7% | -71.1% |
| 2023 | +2.0% | +68.0% |
| 2024 | -18.5% | -29.5% |
| 2025 | -70.6% | -62.2% |
| 2026 | -63.6% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and RPD good diversifiers for each other?
Only partially. A correlation of 0.54 means ALIT and RPD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALIT and RPD?
The ALIT/RPD correlation stands at 0.54 on a 3-year window (1 year: 0.60, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is RPD a good diversifier for ALIT?
Only partially. A correlation of 0.54 means ALIT and RPD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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.
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Related comparisons
Hubs: ALIT correlations · RPD correlations
