KEYS vs RFAI: Correlation
Measured on weekly returns over the past three years, Keysight Technologies (KEYS) and RF Acquisition Corp II (RFAI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and RFAI?
Across a 3-year window, the weekly returns of KEYS and RFAI correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2504.6 %².
RFAI is close to the least connected end of KEYS's tracked universe, ranking #40 of 43. Correlation aside, the last 12 months split them widely, with RFAI ahead by 292.1 points (+97.4% versus +389.5%). Note the risk asymmetry: RFAI runs 7.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KEYS vs RFAI: side by side
| KEYS (Keysight Technologies) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | +97.4% | +389.5% |
| 5-year return | +81.9% | n/a |
| Volatility (ann.) | 36.8% | 288.3% |
| Beta vs S&P 500 | 1.58 | -1.62 |
| Max drawdown (3Y) | -31.4% | -16.5% |
| Market cap | $55.5B | $0.4B |
| P/E (trailing) | 43.5 | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | RFAI |
|---|---|---|
| 2022 | -17.2% | – |
| 2023 | -7.0% | – |
| 2024 | +1.0% | – |
| 2025 | +26.5% | +5.2% |
| 2026 | +60.4% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and RFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between KEYS and RFAI?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.31 over the last year and n/a over 5 years.
Is RFAI a good diversifier for KEYS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/keys-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/keys-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEYS correlations · RFAI correlations
