RAPP vs WLDS: Correlation
Measured on weekly returns over the past three years, Rapport Therapeutics, Inc. (RAPP) and Wearable Devices Ltd. (WLDS) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAPP and WLDS?
On 3 years of weekly data the RAPP/WLDS correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.49). The 5-year figure is n/a, and annualized covariance runs at 23802.4 %².
In RAPP's tracked universe of 20 assets, WLDS sits right near the top at #3. The last year tells two different stories: RAPP led by 316.0 percentage points, +239.5% for RAPP against -76.5% for WLDS. One caveat on sizing: WLDS is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RAPP vs WLDS: side by side
| RAPP (Rapport Therapeutics, Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | +239.5% | -76.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 89.6% | 475.5% |
| Beta vs S&P 500 | 1.91 | 3.22 |
| Max drawdown (3Y) | -75.5% | -99.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAPP | WLDS |
|---|---|---|
| 2023 | – | -21.1% |
| 2024 | – | -68.3% |
| 2025 | +71.0% | -86.9% |
| 2026 | +67.5% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAPP and WLDS good diversifiers for each other?
Reasonably. At 0.49, RAPP and WLDS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RAPP and WLDS?
As of 2026-08-27, the correlation of weekly returns between RAPP and WLDS is 0.49 over 3 years, 0.76 over 1 year and n/a over 5 years.
Is WLDS a good diversifier for RAPP?
Reasonably. At 0.49, RAPP and WLDS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/rapp-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rapp-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RAPP correlations · WLDS correlations
