FTK vs RFAI: Correlation
How closely do Flotek Industries, Inc. (FTK) and RF Acquisition Corp II (RFAI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTK and RFAI?
On 3 years of weekly data the FTK/RFAI correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.26 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -6589.5 %².
Among the 12 assets we track against FTK, RFAI sits near the bottom by co-movement, at rank #10. The last year tells two different stories: RFAI led by 289.3 percentage points, +100.2% for FTK against +389.5% for RFAI. Risk is not evenly split, since RFAI carries 3.4 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.
FTK vs RFAI: side by side
| FTK (Flotek Industries, Inc.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | +100.2% | +389.5% |
| 5-year return | +196.8% | n/a |
| Volatility (ann.) | 84.8% | 288.3% |
| Beta vs S&P 500 | 1.61 | -1.62 |
| Max drawdown (3Y) | -49.6% | -16.5% |
| Market cap | $0.9B | $0.4B |
| P/E (trailing) | 24.2 | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTK | RFAI |
|---|---|---|
| 2022 | -0.9% | – |
| 2023 | -41.7% | – |
| 2024 | +143.1% | – |
| 2025 | +80.8% | +5.2% |
| 2026 | +41.6% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTK and RFAI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTK and RFAI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is RFAI a good diversifier for FTK?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/ftk-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ftk-vs-rfai/)
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Related comparisons
Hubs: FTK correlations · RFAI correlations
