PROP vs RFAI: Correlation
Measured on weekly returns over the past three years, Prairie Operating Co. (PROP) and RF Acquisition Corp II (RFAI) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PROP and RFAI?
Over the past 3 years, PROP and RFAI moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.32). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -9026.1 %².
RFAI is close to the least connected end of PROP's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with RFAI ahead by 468.0 points (-78.5% versus +389.5%). Risk is not evenly split, since RFAI carries 2.8 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.
PROP vs RFAI: side by side
| PROP (Prairie Operating Co.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -78.5% | +389.5% |
| 5-year return | -99.1% | n/a |
| Volatility (ann.) | 101.6% | 288.3% |
| Beta vs S&P 500 | 1.03 | -1.62 |
| Max drawdown (3Y) | -97.0% | -16.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PROP | RFAI |
|---|---|---|
| 2022 | -98.2% | – |
| 2023 | +498.8% | – |
| 2024 | -27.2% | – |
| 2025 | -75.6% | +5.2% |
| 2026 | -68.4% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PROP and RFAI good diversifiers for each other?
Yes. With a correlation of -0.32, PROP and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PROP and RFAI?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.43 over the last year and n/a over 5 years.
Is RFAI a good diversifier for PROP?
Yes. With a correlation of -0.32, PROP and RFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/prop-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prop-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PROP correlations · RFAI correlations
