EPAM vs RXT: Correlation
Measured on weekly returns over the past three years, EPAM Systems, Inc. (EPAM) and Rackspace Technology, Inc. (RXT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAM and RXT?
Across a 3-year window, the weekly returns of EPAM and RXT correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.21 over 3 years. Stretching to 5 years gives -0.05, with an annualized covariance of -2246.6 %².
RXT is close to the least connected end of EPAM's tracked universe, ranking #14 of 16. The last year tells two different stories: RXT led by 214.3 percentage points, -35.0% for EPAM against +179.3% for RXT. Note the risk asymmetry: RXT runs 4.9 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.
EPAM vs RXT: side by side
| EPAM (EPAM Systems, Inc.) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | -35.0% | +179.3% |
| 5-year return | -82.3% | -75.7% |
| Volatility (ann.) | 47.0% | 230.1% |
| Beta vs S&P 500 | 0.98 | 3.34 |
| Max drawdown (3Y) | -75.8% | -86.5% |
| Market cap | $5.8B | $0.9B |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAM | RXT |
|---|---|---|
| 2022 | -51.0% | -78.1% |
| 2023 | -9.3% | -32.2% |
| 2024 | -21.4% | +10.5% |
| 2025 | -12.4% | -56.1% |
| 2026 | -45.0% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAM and RXT good diversifiers for each other?
Yes. With a correlation of -0.21, EPAM and RXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EPAM and RXT?
The EPAM/RXT correlation stands at -0.21 on a 3-year window (1 year: -0.43, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is RXT a good diversifier for EPAM?
Yes. With a correlation of -0.21, EPAM and RXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/epam-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epam-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPAM correlations · RXT correlations
