LOCL vs RSF: Correlation
Local Bounti Corporation (LOCL) and RiverNorth Capital and Income Fund (RSF) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and RSF?
Over the past 3 years, LOCL and RSF moved with a correlation of 0.28, which is weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 212.8 %².
Within LOCL's tracked universe of 34 assets, RSF comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RSF outperformed by 68.9 percentage points (-58.8% for LOCL against +10.1% for RSF). One caveat on sizing: LOCL is 26.4 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.
LOCL vs RSF: side by side
| LOCL (Local Bounti Corporation) | RSF (RiverNorth Capital and Income Fund) | |
|---|---|---|
| 1-year return | -58.8% | +10.1% |
| 5-year return | -99.2% | +30.6% |
| Volatility (ann.) | 142.7% | 5.4% |
| Beta vs S&P 500 | -0.49 | 0.06 |
| Max drawdown (3Y) | -79.4% | -5.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 13.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | RSF |
|---|---|---|
| 2022 | -78.4% | -1.6% |
| 2023 | -88.5% | +3.8% |
| 2024 | +0.0% | +10.6% |
| 2025 | +3.4% | +4.6% |
| 2026 | -53.8% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and RSF good diversifiers for each other?
Reasonably. At 0.28, LOCL and RSF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOCL and RSF?
The LOCL/RSF correlation stands at 0.28 on a 3-year window (1 year: 0.20, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is RSF a good diversifier for LOCL?
Reasonably. At 0.28, LOCL and RSF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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.
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Related comparisons
Hubs: LOCL correlations · RSF correlations
