MKTW vs RAYA: Correlation
Measured on weekly returns over the past three years, MarketWise, Inc. (MKTW) and Erayak Power Solution Group Inc. - Class A (RAYA) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKTW and RAYA?
On 3 years of weekly data the MKTW/RAYA correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.23 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -2388.9 %².
RAYA is close to the least connected end of MKTW's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with MKTW ahead by 108.8 points (+11.0% versus -97.8%). Note the risk asymmetry: RAYA runs 2.6 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.
MKTW vs RAYA: side by side
| MKTW (MarketWise, Inc.) | RAYA (Erayak Power Solution Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +11.0% | -97.8% |
| 5-year return | -85.0% | n/a |
| Volatility (ann.) | 63.2% | 162.4% |
| Beta vs S&P 500 | 0.83 | 0.17 |
| Max drawdown (3Y) | -85.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKTW | RAYA |
|---|---|---|
| 2022 | -77.7% | – |
| 2023 | +75.8% | -44.7% |
| 2024 | -78.2% | +23.6% |
| 2025 | +50.2% | -98.7% |
| 2026 | +28.6% | -94.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKTW and RAYA good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between MKTW and RAYA?
As of 2026-08-27, the correlation of weekly returns between MKTW and RAYA is -0.23 over 3 years, -0.38 over 1 year and -0.15 over 5 years.
Is RAYA a good diversifier for MKTW?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/mktw-vs-raya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mktw-vs-raya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MKTW correlations · RAYA correlations
