ETR vs RPD: Correlation
How closely do Entergy (ETR) and Rapid7, Inc. (RPD) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and RPD?
Over the past 3 years, ETR and RPD moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -252.0 %².
Out of 38 assets tracked against ETR, RPD lands near the bottom at #37. The last year tells two different stories: ETR led by 56.6 percentage points, +21.9% for ETR against -34.7% for RPD. Note the risk asymmetry: RPD runs 2.9 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.
ETR vs RPD: side by side
| ETR (Entergy) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | +21.9% | -34.7% |
| 5-year return | +132.0% | -88.9% |
| Volatility (ann.) | 19.7% | 56.3% |
| Beta vs S&P 500 | 0.22 | 1.42 |
| Max drawdown (3Y) | -10.6% | -91.8% |
| Market cap | $49.7B | $0.9B |
| P/E (trailing) | 27.2 | 37.5 |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ETR | RPD |
|---|---|---|
| 2022 | +3.6% | -71.1% |
| 2023 | -6.1% | +68.0% |
| 2024 | +56.0% | -29.5% |
| 2025 | +25.3% | -62.2% |
| 2026 | +17.3% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and RPD good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ETR and RPD?
The ETR/RPD correlation stands at -0.23 on a 3-year window (1 year: -0.32, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is RPD a good diversifier for ETR?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/etr-vs-rpd.json
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Related comparisons
Hubs: ETR correlations · RPD correlations
