FE vs RPD: Correlation
Measured on weekly returns over the past three years, FirstEnergy (FE) and Rapid7, Inc. (RPD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and RPD?
On 3 years of weekly data the FE/RPD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.22 over 3. The 5-year figure is -0.06, and annualized covariance runs at -217.0 %².
By 3-year correlation, RPD places #26 of the 32 assets tracked against FE. Correlation aside, the last 12 months split them widely, with FE ahead by 44.6 points (+9.9% versus -34.7%). One caveat on sizing: RPD is 3.2 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.
FE vs RPD: side by side
| FE (FirstEnergy) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | +9.9% | -34.7% |
| 5-year return | +46.7% | -88.9% |
| Volatility (ann.) | 17.6% | 56.3% |
| Beta vs S&P 500 | 0.04 | 1.42 |
| Max drawdown (3Y) | -14.7% | -91.8% |
| Market cap | $26.8B | $0.9B |
| P/E (trailing) | 25.0 | 37.5 |
| Dividend yield | 3.85% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | FE | RPD |
|---|---|---|
| 2022 | +4.8% | -71.1% |
| 2023 | -8.9% | +68.0% |
| 2024 | +13.2% | -29.5% |
| 2025 | +17.3% | -62.2% |
| 2026 | +6.4% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and RPD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FE and RPD?
The FE/RPD correlation stands at -0.22 on a 3-year window (1 year: -0.29, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is RPD a good diversifier for FE?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/fe-vs-rpd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fe-vs-rpd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FE correlations · RPD correlations
