LGCL vs RFAI: Correlation
Measured on weekly returns over the past three years, Lucas GC Limited - Class A (LGCL) and RF Acquisition Corp II (RFAI) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGCL and RFAI?
Across a 3-year window, the weekly returns of LGCL and RFAI correlate at -0.39, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.48 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -18544.3 %².
RFAI is close to the least connected end of LGCL's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with RFAI ahead by 489.2 points (-99.7% versus +389.5%). Note the risk asymmetry: RFAI runs 1.8 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.
LGCL vs RFAI: side by side
| LGCL (Lucas GC Limited - Class A) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -99.7% | +389.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 159.1% | 288.3% |
| Beta vs S&P 500 | 1.88 | -1.62 |
| Max drawdown (3Y) | -100.0% | -16.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | 0.1 | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are LGCL and RFAI good diversifiers for each other?
Yes. With a correlation of -0.39, LGCL and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LGCL and RFAI?
As of 2026-08-27, the correlation of weekly returns between LGCL and RFAI is -0.39 over 3 years, -0.48 over 1 year and n/a over 5 years.
Is RFAI a good diversifier for LGCL?
Yes. With a correlation of -0.39, LGCL and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: LGCL correlations · RFAI correlations
