EYPT vs RFAI: Correlation
How closely do EyePoint, Inc. (EYPT) and RF Acquisition Corp II (RFAI) trade together? Their weekly returns over three years give a correlation of -0.49, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EYPT and RFAI?
Across a 3-year window, the weekly returns of EYPT and RFAI correlate at -0.49, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.69) runs below the 3-year figure (-0.49). Stretching to 5 years gives n/a, with an annualized covariance of -12662.7 %².
Out of 21 assets tracked against EYPT, RFAI lands near the bottom at #21. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 450.4 percentage points (-60.9% for EYPT against +389.5% for RFAI). One caveat on sizing: RFAI is 2.0 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.
EYPT vs RFAI: side by side
| EYPT (EyePoint, Inc.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -60.9% | +389.5% |
| 5-year return | -54.3% | n/a |
| Volatility (ann.) | 141.5% | 288.3% |
| Beta vs S&P 500 | 2.40 | -1.62 |
| Max drawdown (3Y) | -86.1% | -16.5% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EYPT | RFAI |
|---|---|---|
| 2022 | -71.4% | – |
| 2023 | +560.3% | – |
| 2024 | -67.8% | – |
| 2025 | +145.2% | +5.2% |
| 2026 | -74.7% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EYPT and RFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
FAQ
What is the correlation between EYPT and RFAI?
The EYPT/RFAI correlation stands at -0.49 on a 3-year window (1 year: -0.69, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RFAI a good diversifier for EYPT?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
What does a correlation of -0.49 mean?
A reading of -0.49 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eypt-vs-rfai/)
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Related comparisons
Hubs: EYPT correlations · RFAI correlations
