MLEC vs RXT: Correlation
Measured on weekly returns over the past three years, Moolec Science SA (MLEC) and Rackspace Technology, Inc. (RXT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLEC and RXT?
On 3 years of weekly data the MLEC/RXT correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 8929.6 %².
By 3-year correlation, RXT places #5 of the 24 assets tracked against MLEC. Their recent paths diverged sharply: over the last 12 months RXT outperformed by 243.6 percentage points (-64.3% for MLEC against +179.3% for RXT). Risk is not evenly split, since RXT carries 2.2 times the volatility of the other side.
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.
MLEC vs RXT: side by side
| MLEC (Moolec Science SA) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | -64.3% | +179.3% |
| 5-year return | -99.5% | -75.7% |
| Volatility (ann.) | 104.4% | 230.1% |
| Beta vs S&P 500 | -0.21 | 3.34 |
| Max drawdown (3Y) | -99.3% | -86.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLEC | RXT |
|---|---|---|
| 2022 | +22.7% | -78.1% |
| 2023 | -79.7% | -32.2% |
| 2024 | -67.5% | +10.5% |
| 2025 | -96.8% | -56.1% |
| 2026 | +78.0% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLEC and RXT good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MLEC and RXT?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.45 over the last year and 0.31 over 5 years.
Is RXT a good diversifier for MLEC?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mlec-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mlec-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MLEC correlations · RXT correlations
