LYTS vs RFAI: Correlation
Measured on weekly returns over the past three years, LSI Industries Inc. (LYTS) and RF Acquisition Corp II (RFAI) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYTS and RFAI?
Across a 3-year window, the weekly returns of LYTS and RFAI correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.30). Stretching to 5 years gives n/a, with an annualized covariance of -3698.0 %².
Among the 12 assets we track against LYTS, RFAI sits near the bottom by co-movement, at rank #10. The last year tells two different stories: RFAI led by 399.5 percentage points, -10.0% for LYTS against +389.5% for RFAI. Note the risk asymmetry: RFAI runs 7.5 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.
LYTS vs RFAI: side by side
| LYTS (LSI Industries Inc.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -10.0% | +389.5% |
| 5-year return | +167.4% | n/a |
| Volatility (ann.) | 38.6% | 288.3% |
| Beta vs S&P 500 | 1.13 | -1.62 |
| Max drawdown (3Y) | -40.6% | -16.5% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 30.1 | 399.9 |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYTS | RFAI |
|---|---|---|
| 2022 | +82.9% | – |
| 2023 | +16.8% | – |
| 2024 | +39.7% | – |
| 2025 | -4.7% | +5.2% |
| 2026 | +10.6% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYTS and RFAI good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LYTS and RFAI?
The LYTS/RFAI correlation stands at -0.30 on a 3-year window (1 year: -0.45, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RFAI a good diversifier for LYTS?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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: LYTS correlations · RFAI correlations
