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FRPT vs RVLV: Correlation

How closely do Freshpet, Inc. (FRPT) and Revolve Group, Inc. (RVLV) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.47
moderate
Correlation (1Y)
0.50
last 12 months
Correlation (5Y)
0.41
long-run
Ann. covariance
1178.1
%² · weekly, annualized

How correlated are FRPT and RVLV?

On 3 years of weekly data the FRPT/RVLV correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 1178.1 %².

RVLV is one of the assets that tracks FRPT most closely: it ranks #2 out of the 13 assets we track against FRPT. The last year tells two different stories: FRPT led by 26.6 percentage points, +26.7% for FRPT against +0.1% for RVLV.

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.

FRPT vs RVLV: side by side

FRPT (Freshpet, Inc.)RVLV (Revolve Group, Inc.)
1-year return+26.7%+0.1%
5-year return-42.7%-59.7%
Volatility (ann.)45.9%54.1%
Beta vs S&P 5001.151.64
Max drawdown (3Y)-70.9%-56.0%
Market cap$3.5B$1.6B
P/E (trailing)19.423.0
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Lower P/E: FRPT 19.4 vs 23.0Smaller drawdown: RVLV -56.0% vs -70.9%Higher 5y return: FRPT -42.7% vs -59.7%
-22%0%+53%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. FRPT · RVLV

Year-by-year returns

YearFRPTRVLV
2022-44.6%-60.3%
2023+64.4%-25.5%
2024+70.7%+102.0%
2025-58.9%-9.9%
2026+19.4%-23.9%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are FRPT and RVLV good diversifiers for each other?

Reasonably. At 0.47, FRPT and RVLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between FRPT and RVLV?

The FRPT/RVLV correlation stands at 0.47 on a 3-year window (1 year: 0.50, 5 years: 0.41), computed from weekly returns as of 2026-08-27.

Is RVLV a good diversifier for FRPT?

Reasonably. At 0.47, FRPT and RVLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

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

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FRPT vs RVLV: 3-year weekly correlation 0.47FRPT vs RVLV0.47

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Related comparisons

Hubs: FRPT correlations · RVLV correlations