IPW vs RDCM: Correlation
Measured on weekly returns over the past three years, iPower Inc. (IPW) and Radcom Ltd. (RDCM) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and RDCM?
Across a 3-year window, the weekly returns of IPW and RDCM correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.23 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -4164.5 %².
Among the 37 assets we track against IPW, RDCM ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RDCM outperformed by 77.8 percentage points (-98.6% for IPW against -20.8% for RDCM). One caveat on sizing: IPW is 9.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IPW vs RDCM: side by side
| IPW (iPower Inc.) | RDCM (Radcom Ltd.) | |
|---|---|---|
| 1-year return | -98.6% | -20.8% |
| 5-year return | -99.8% | -5.4% |
| Volatility (ann.) | 405.9% | 44.0% |
| Beta vs S&P 500 | 2.99 | 0.64 |
| Max drawdown (3Y) | -100.0% | -38.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 24.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | RDCM |
|---|---|---|
| 2022 | -83.2% | -16.2% |
| 2023 | +12.5% | -26.3% |
| 2024 | +85.1% | +53.3% |
| 2025 | -70.1% | +5.8% |
| 2026 | -96.8% | -20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and RDCM good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IPW and RDCM?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.41 over the last year and -0.20 over 5 years.
Is RDCM a good diversifier for IPW?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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: IPW correlations · RDCM correlations
