PRGS vs RPD: Correlation
Progress Software Corporation (PRGS) and Rapid7, Inc. (RPD) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGS and RPD?
Over the past 3 years, PRGS and RPD moved with a correlation of 0.43, which is moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.43). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 922.8 %².
Among the 14 assets we track against PRGS, RPD ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRGS ahead by 31.2 points (-3.5% versus -34.7%).
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.
PRGS vs RPD: side by side
| PRGS (Progress Software Corporation) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | -3.5% | -34.7% |
| 5-year return | +1.2% | -88.9% |
| Volatility (ann.) | 38.3% | 56.3% |
| Beta vs S&P 500 | 0.62 | 1.42 |
| Max drawdown (3Y) | -64.1% | -91.8% |
| Market cap | $1.9B | $0.9B |
| P/E (trailing) | 22.0 | 37.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRGS | RPD |
|---|---|---|
| 2022 | +6.0% | -71.1% |
| 2023 | +8.9% | +68.0% |
| 2024 | +21.2% | -29.5% |
| 2025 | -34.1% | -62.2% |
| 2026 | +5.3% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGS and RPD good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRGS and RPD?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.54 over the last year and 0.42 over 5 years.
Is RPD a good diversifier for PRGS?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/prgs-vs-rpd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/prgs-vs-rpd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRGS correlations · RPD correlations
