FNKO vs RXT: Correlation
Funko, Inc. (FNKO) and Rackspace Technology, Inc. (RXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNKO and RXT?
On 3 years of weekly data the FNKO/RXT correlation comes out at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.47). The 5-year figure is 0.38, and annualized covariance runs at 7536.9 %².
In FNKO's tracked universe of 12 assets, RXT sits right near the top at #1. Correlation aside, the last 12 months split them widely, with RXT ahead by 78.1 points (+101.2% versus +179.3%). Risk is not evenly split, since RXT carries 3.3 times the volatility of the other side.
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.
FNKO vs RXT: side by side
| FNKO (Funko, Inc.) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | +101.2% | +179.3% |
| 5-year return | -63.9% | -75.7% |
| Volatility (ann.) | 70.2% | 230.1% |
| Beta vs S&P 500 | 1.95 | 3.34 |
| Max drawdown (3Y) | -83.0% | -86.5% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNKO | RXT |
|---|---|---|
| 2022 | -42.0% | -78.1% |
| 2023 | -29.1% | -32.2% |
| 2024 | +73.2% | +10.5% |
| 2025 | -74.6% | -56.1% |
| 2026 | +98.2% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNKO and RXT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNKO and RXT?
The FNKO/RXT correlation stands at 0.47 on a 3-year window (1 year: 0.63, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is RXT a good diversifier for FNKO?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/fnko-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnko-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNKO correlations · RXT correlations
