RAND vs SEI: Correlation
How closely do Rand Capital Corporation - Closed End Fund (RAND) and Solaris Energy Infrastructure, Inc. (SEI) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAND and SEI?
Over the past 3 years, RAND and SEI moved with a correlation of 0.29, which is weak. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.29). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 811.5 %².
By 3-year correlation, SEI places #4 of the 12 assets tracked against RAND. Correlation aside, the last 12 months split them widely, with SEI ahead by 101.9 points (-21.7% versus +80.2%). Note the risk asymmetry: SEI runs 1.9 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.
RAND vs SEI: side by side
| RAND (Rand Capital Corporation - Closed End Fund) | SEI (Solaris Energy Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | -21.7% | +80.2% |
| 5-year return | +9.9% | +759.3% |
| Volatility (ann.) | 38.7% | 72.5% |
| Beta vs S&P 500 | -0.01 | 1.79 |
| Max drawdown (3Y) | -60.1% | -55.4% |
| Market cap | – | $5.3B |
| P/E (trailing) | – | 66.1 |
| Dividend yield | 10.33% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAND | SEI |
|---|---|---|
| 2022 | -17.0% | +57.5% |
| 2023 | +7.5% | -15.7% |
| 2024 | +91.4% | +277.7% |
| 2025 | -34.8% | +62.3% |
| 2026 | +2.3% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAND and SEI good diversifiers for each other?
Reasonably. At 0.29, RAND and SEI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RAND and SEI?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.15 over the last year and 0.23 over 5 years.
Is SEI a good diversifier for RAND?
Reasonably. At 0.29, RAND and SEI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/rand-vs-sei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rand-vs-sei/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RAND correlations · SEI correlations
