LIQT vs RDGT: Correlation
How closely do LiqTech International, Inc. (LIQT) and Ridgetech, Inc. (RDGT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIQT and RDGT?
On 3 years of weekly data the LIQT/RDGT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.22 over 3. The 5-year figure is -0.09, and annualized covariance runs at -1852.4 %².
RDGT is close to the least connected end of LIQT's tracked universe, ranking #10 of 12. The last year tells two different stories: LIQT led by 28.4 percentage points, -71.1% for LIQT against -99.5% for RDGT. Note the risk asymmetry: RDGT 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.
LIQT vs RDGT: side by side
| LIQT (LiqTech International, Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -99.5% |
| 5-year return | -98.6% | -100.0% |
| Volatility (ann.) | 68.6% | 120.7% |
| Beta vs S&P 500 | 0.75 | 0.28 |
| Max drawdown (3Y) | -87.4% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIQT | RDGT |
|---|---|---|
| 2022 | -93.4% | -21.5% |
| 2023 | +12.2% | -93.9% |
| 2024 | -46.0% | -59.8% |
| 2025 | -20.7% | +61.0% |
| 2026 | -61.6% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIQT and RDGT good diversifiers for each other?
Yes. With a correlation of -0.22, LIQT and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LIQT and RDGT?
As of 2026-08-27, the correlation of weekly returns between LIQT and RDGT is -0.22 over 3 years, -0.28 over 1 year and -0.09 over 5 years.
Is RDGT a good diversifier for LIQT?
Yes. With a correlation of -0.22, LIQT and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/liqt-vs-rdgt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/liqt-vs-rdgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIQT correlations · RDGT correlations
