DCGO vs RFAI: Correlation
Measured on weekly returns over the past three years, DocGo Inc. (DCGO) and RF Acquisition Corp II (RFAI) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCGO and RFAI?
Over the past 3 years, DCGO and RFAI moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.33 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6617.2 %².
Among the 10 assets we track against DCGO, RFAI sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 463.9 percentage points (-74.4% for DCGO against +389.5% for RFAI). One caveat on sizing: RFAI is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DCGO vs RFAI: side by side
| DCGO (DocGo Inc.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -74.4% | +389.5% |
| 5-year return | -95.8% | n/a |
| Volatility (ann.) | 69.8% | 288.3% |
| Beta vs S&P 500 | 1.31 | -1.62 |
| Max drawdown (3Y) | -95.7% | -16.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCGO | RFAI |
|---|---|---|
| 2022 | -24.4% | – |
| 2023 | -20.9% | – |
| 2024 | -24.2% | – |
| 2025 | -79.3% | +5.2% |
| 2026 | -52.8% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCGO and RFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between DCGO and RFAI?
The DCGO/RFAI correlation stands at -0.33 on a 3-year window (1 year: -0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RFAI a good diversifier for DCGO?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/dcgo-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dcgo-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCGO correlations · RFAI correlations
