FATE vs RVP: Correlation
Measured on weekly returns over the past three years, Fate Therapeutics, Inc. (FATE) and Retractable Technologies, Inc. (RVP) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FATE and RVP?
On 3 years of weekly data the FATE/RVP correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.34). The 5-year figure is 0.26, and annualized covariance runs at 1402.4 %².
By 3-year correlation, RVP places #15 of the 21 assets tracked against FATE. The last year tells two different stories: FATE led by 139.8 percentage points, +126.8% for FATE against -13.0% for RVP. Note the risk asymmetry: FATE runs 3.0 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.
FATE vs RVP: side by side
| FATE (Fate Therapeutics, Inc.) | RVP (Retractable Technologies, Inc.) | |
|---|---|---|
| 1-year return | +126.8% | -13.0% |
| 5-year return | -96.5% | -94.2% |
| Volatility (ann.) | 110.8% | 36.9% |
| Beta vs S&P 500 | 2.88 | 0.49 |
| Max drawdown (3Y) | -91.9% | -57.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FATE | RVP |
|---|---|---|
| 2022 | -82.8% | -76.3% |
| 2023 | -62.9% | -32.3% |
| 2024 | -55.9% | -37.8% |
| 2025 | -40.6% | +11.6% |
| 2026 | +159.2% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FATE and RVP good diversifiers for each other?
Reasonably. At 0.34, FATE and RVP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FATE and RVP?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.50 over the last year and 0.26 over 5 years.
Is RVP a good diversifier for FATE?
Reasonably. At 0.34, FATE and RVP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/fate-vs-rvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fate-vs-rvp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FATE correlations · RVP correlations
