LZB vs RFAI: Correlation
La-Z-Boy Incorporated (LZB) and RF Acquisition Corp II (RFAI) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and RFAI?
Over the past 3 years, LZB and RFAI moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.48 over 1 year against -0.39 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3848.4 %².
Among the 14 assets we track against LZB, RFAI sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 398.4 percentage points (-8.9% for LZB against +389.5% for RFAI). Note the risk asymmetry: RFAI runs 8.6 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.
LZB vs RFAI: side by side
| LZB (La-Z-Boy Incorporated) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -8.9% | +389.5% |
| 5-year return | +3.8% | n/a |
| Volatility (ann.) | 33.7% | 288.3% |
| Beta vs S&P 500 | 0.78 | -1.62 |
| Max drawdown (3Y) | -37.9% | -16.5% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | 16.4 | 399.9 |
| Dividend yield | 2.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZB | RFAI |
|---|---|---|
| 2022 | -35.5% | – |
| 2023 | +65.7% | – |
| 2024 | +20.4% | – |
| 2025 | -12.5% | +5.2% |
| 2026 | -11.0% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and RFAI good diversifiers for each other?
Yes. With a correlation of -0.39, LZB and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LZB and RFAI?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.48 over the last year and n/a over 5 years.
Is RFAI a good diversifier for LZB?
Yes. With a correlation of -0.39, LZB and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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/lzb-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lzb-vs-rfai/)
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Related comparisons
Hubs: LZB correlations · RFAI correlations
