DAVE vs RDCM: Correlation
How closely do Dave Inc. (DAVE) and Radcom Ltd. (RDCM) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAVE and RDCM?
Across a 3-year window, the weekly returns of DAVE and RDCM correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 1657.8 %².
Within DAVE's tracked universe of 11 assets, RDCM comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DAVE outperformed by 100.8 percentage points (+80.0% for DAVE against -20.8% for RDCM). Note the risk asymmetry: DAVE runs 2.3 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.
DAVE vs RDCM: side by side
| DAVE (Dave Inc.) | RDCM (Radcom Ltd.) | |
|---|---|---|
| 1-year return | +80.0% | -20.8% |
| 5-year return | +18.4% | -5.4% |
| Volatility (ann.) | 100.5% | 44.0% |
| Beta vs S&P 500 | 2.12 | 0.64 |
| Max drawdown (3Y) | -44.7% | -38.0% |
| Market cap | $4.8B | $0.2B |
| P/E (trailing) | 24.0 | 24.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAVE | RDCM |
|---|---|---|
| 2022 | -97.2% | -16.2% |
| 2023 | -9.6% | -26.3% |
| 2024 | +936.6% | +53.3% |
| 2025 | +154.7% | +5.8% |
| 2026 | +68.9% | -20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAVE and RDCM good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DAVE and RDCM?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.37 over the last year and 0.28 over 5 years.
Is RDCM a good diversifier for DAVE?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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/dave-vs-rdcm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dave-vs-rdcm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAVE correlations · RDCM correlations
