OLB vs RXT: Correlation
The OLB Group, Inc. (OLB) and Rackspace Technology, Inc. (RXT) show a moderate 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 OLB and RXT?
On 3 years of weekly data the OLB/RXT correlation comes out at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.39 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 10160.6 %².
RXT is one of the assets that tracks OLB most closely: it ranks #2 out of the 10 assets we track against OLB. Their recent paths diverged sharply: over the last 12 months RXT outperformed by 252.2 percentage points (-72.9% for OLB against +179.3% for RXT). Risk is not evenly split, since RXT carries 2.0 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.
OLB vs RXT: side by side
| OLB (The OLB Group, Inc.) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | -72.9% | +179.3% |
| 5-year return | -99.2% | -75.7% |
| Volatility (ann.) | 114.0% | 230.1% |
| Beta vs S&P 500 | 1.51 | 3.34 |
| Max drawdown (3Y) | -97.5% | -86.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLB | RXT |
|---|---|---|
| 2022 | -68.3% | -78.1% |
| 2023 | +26.4% | -32.2% |
| 2024 | -80.5% | +10.5% |
| 2025 | -70.1% | -56.1% |
| 2026 | -50.6% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLB and RXT good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OLB and RXT?
The OLB/RXT correlation stands at 0.39 on a 3-year window (1 year: 0.59, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is RXT a good diversifier for OLB?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/olb-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/olb-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OLB correlations · RXT correlations
