GRNQ vs RFAI: Correlation
How closely do Greenpro Capital Corp. (GRNQ) and RF Acquisition Corp II (RFAI) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRNQ and RFAI?
Across a 3-year window, the weekly returns of GRNQ and RFAI correlate at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.36). Stretching to 5 years gives n/a, with an annualized covariance of 11019.5 %².
RFAI is one of the assets that tracks GRNQ most closely: it ranks #3 out of the 11 assets we track against GRNQ. The last year tells two different stories: RFAI led by 398.9 percentage points, -9.4% for GRNQ against +389.5% for RFAI. Risk is not evenly split, since RFAI carries 2.9 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.
GRNQ vs RFAI: side by side
| GRNQ (Greenpro Capital Corp.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -9.4% | +389.5% |
| 5-year return | -86.5% | n/a |
| Volatility (ann.) | 98.3% | 288.3% |
| Beta vs S&P 500 | -0.50 | -1.62 |
| Max drawdown (3Y) | -96.4% | -16.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRNQ | RFAI |
|---|---|---|
| 2022 | -82.6% | – |
| 2023 | +9.3% | – |
| 2024 | -5.9% | – |
| 2025 | +66.7% | +5.2% |
| 2026 | -29.5% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRNQ and RFAI good diversifiers for each other?
Reasonably. At 0.36, GRNQ and RFAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRNQ and RFAI?
The GRNQ/RFAI correlation stands at 0.36 on a 3-year window (1 year: 0.62, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RFAI a good diversifier for GRNQ?
Reasonably. At 0.36, GRNQ and RFAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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
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Related comparisons
Hubs: GRNQ correlations · RFAI correlations
