FTH vs RXT: Correlation
Measured on weekly returns over the past three years, Faeth Therapeutics, Inc. (FTH) and Rackspace Technology, Inc. (RXT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTH and RXT?
Over the past 3 years, FTH and RXT moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 26545.5 %².
In FTH's tracked universe of 19 assets, RXT sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months FTH outperformed by 141.4 percentage points (+320.7% for FTH against +179.3% for RXT).
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.
FTH vs RXT: side by side
| FTH (Faeth Therapeutics, Inc.) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | +320.7% | +179.3% |
| 5-year return | -83.6% | -75.7% |
| Volatility (ann.) | 189.5% | 230.1% |
| Beta vs S&P 500 | 1.77 | 3.34 |
| Max drawdown (3Y) | -84.3% | -86.5% |
| Market cap | $0.9B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTH | RXT |
|---|---|---|
| 2022 | -74.3% | -78.1% |
| 2023 | -53.6% | -32.2% |
| 2024 | -29.2% | +10.5% |
| 2025 | +8.9% | -56.1% |
| 2026 | +216.2% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTH and RXT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FTH and RXT?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.70 over the last year and 0.57 over 5 years.
Is RXT a good diversifier for FTH?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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
$ curl https://www.pairbook.io/api/v1/pairs/fth-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fth-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTH correlations · RXT correlations
