MAYS vs RXT: Correlation
Measured on weekly returns over the past three years, J. W. Mays, Inc. (MAYS) and Rackspace Technology, Inc. (RXT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAYS and RXT?
On 3 years of weekly data the MAYS/RXT correlation comes out at 0.59, moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.59). The 5-year figure is 0.41, and annualized covariance runs at 4482.8 %².
In MAYS's tracked universe of 10 assets, RXT sits right near the top at #2. The last year tells two different stories: RXT led by 166.4 percentage points, +12.9% for MAYS against +179.3% for RXT. Note the risk asymmetry: RXT runs 6.9 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.
MAYS vs RXT: side by side
| MAYS (J. W. Mays, Inc.) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | +12.9% | +179.3% |
| 5-year return | +34.4% | -75.7% |
| Volatility (ann.) | 33.2% | 230.1% |
| Beta vs S&P 500 | 0.03 | 3.34 |
| Max drawdown (3Y) | -30.9% | -86.5% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAYS | RXT |
|---|---|---|
| 2022 | +18.4% | -78.1% |
| 2023 | -12.7% | -32.2% |
| 2024 | +4.8% | +10.5% |
| 2025 | -9.2% | -56.1% |
| 2026 | +5.7% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAYS and RXT good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MAYS and RXT?
The MAYS/RXT correlation stands at 0.59 on a 3-year window (1 year: 0.73, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is RXT a good diversifier for MAYS?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mays-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mays-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAYS correlations · RXT correlations
