EW vs RPT: Correlation
How closely do Edwards Lifesciences (EW) and Rithm Property Trust Inc. (RPT) 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 EW and RPT?
On 3 years of weekly data the EW/RPT correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 489.7 %².
Among the 30 assets we track against EW, RPT ranks #14 by 3-year correlation. The last year tells two different stories: EW led by 18.3 percentage points, +11.2% for EW against -7.1% for RPT.
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.
EW vs RPT: side by side
| EW (Edwards Lifesciences) | RPT (Rithm Property Trust Inc.) | |
|---|---|---|
| 1-year return | +11.2% | -7.1% |
| 5-year return | -23.8% | -69.9% |
| Volatility (ann.) | 31.6% | 40.9% |
| Beta vs S&P 500 | 0.81 | 0.96 |
| Max drawdown (3Y) | -37.5% | -64.6% |
| Market cap | $51.8B | $0.1B |
| P/E (trailing) | 54.2 | – |
| Dividend yield | 0.00% | 10.99% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | EW | RPT |
|---|---|---|
| 2022 | -42.4% | -35.2% |
| 2023 | +2.2% | -9.5% |
| 2024 | -2.9% | -39.4% |
| 2025 | +15.2% | +1.5% |
| 2026 | +5.5% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EW and RPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EW and RPT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.29 over the last year and 0.27 over 5 years.
Is RPT a good diversifier for EW?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: EW correlations · RPT correlations
