BLIN vs RXT: Correlation
Bridgeline Digital, Inc. (BLIN) and Rackspace Technology, Inc. (RXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLIN and RXT?
On 3 years of weekly data the BLIN/RXT correlation comes out at 0.32, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.32). The 5-year figure is 0.28, and annualized covariance runs at 4456.8 %².
Within BLIN's tracked universe of 10 assets, RXT comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RXT outperformed by 206.2 percentage points (-26.9% for BLIN against +179.3% for RXT). Note the risk asymmetry: RXT runs 3.8 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.
BLIN vs RXT: side by side
| BLIN (Bridgeline Digital, Inc.) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | -26.9% | +179.3% |
| 5-year return | -81.9% | -75.7% |
| Volatility (ann.) | 60.1% | 230.1% |
| Beta vs S&P 500 | 0.36 | 3.34 |
| Max drawdown (3Y) | -70.2% | -86.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLIN | RXT |
|---|---|---|
| 2022 | -53.5% | -78.1% |
| 2023 | -17.1% | -32.2% |
| 2024 | +81.6% | +10.5% |
| 2025 | -47.5% | -56.1% |
| 2026 | +19.0% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLIN and RXT good diversifiers for each other?
Reasonably. At 0.32, BLIN and RXT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLIN and RXT?
As of 2026-08-27, the correlation of weekly returns between BLIN and RXT is 0.32 over 3 years, 0.52 over 1 year and 0.28 over 5 years.
Is RXT a good diversifier for BLIN?
Reasonably. At 0.32, BLIN and RXT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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
$ curl https://www.pairbook.io/api/v1/pairs/blin-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blin-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLIN correlations · RXT correlations
