LPTH vs RGTI: Correlation
LightPath Technologies, Inc. (LPTH) and Rigetti Computing, Inc. (RGTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPTH and RGTI?
Across a 3-year window, the weekly returns of LPTH and RGTI correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.46 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 4759.2 %².
RGTI is one of the assets that tracks LPTH most closely: it ranks #2 out of the 10 assets we track against LPTH. Their recent paths diverged sharply: over the last 12 months LPTH outperformed by 180.5 percentage points (+187.3% for LPTH against +6.8% for RGTI). One caveat on sizing: RGTI is 1.6 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.
LPTH vs RGTI: side by side
| LPTH (LightPath Technologies, Inc.) | RGTI (Rigetti Computing, Inc.) | |
|---|---|---|
| 1-year return | +187.3% | +6.8% |
| 5-year return | +499.6% | +69.5% |
| Volatility (ann.) | 79.6% | 129.7% |
| Beta vs S&P 500 | 1.33 | 2.64 |
| Max drawdown (3Y) | -61.1% | -77.1% |
| Market cap | $0.9B | $5.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPTH | RGTI |
|---|---|---|
| 2022 | -50.0% | -92.9% |
| 2023 | +3.3% | +35.1% |
| 2024 | +180.2% | +1449.2% |
| 2025 | +205.9% | +45.2% |
| 2026 | +27.7% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPTH and RGTI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LPTH and RGTI?
The LPTH/RGTI correlation stands at 0.46 on a 3-year window (1 year: 0.57, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is RGTI a good diversifier for LPTH?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LPTH correlations · RGTI correlations
