RAVE vs TIPT: Correlation
Measured on weekly returns over the past three years, Rave Restaurant Group, Inc. (RAVE) and Tiptree Inc. (TIPT) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAVE and TIPT?
Over the past 3 years, RAVE and TIPT moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 586.7 %².
Few assets follow RAVE as closely as TIPT, which ranks #1 of 10 tracked partners. The last year tells two different stories: RAVE led by 17.3 percentage points, -4.0% for RAVE against -21.3% for TIPT. One caveat on sizing: RAVE is 1.5 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.
RAVE vs TIPT: side by side
| RAVE (Rave Restaurant Group, Inc.) | TIPT (Tiptree Inc.) | |
|---|---|---|
| 1-year return | -4.0% | -21.3% |
| 5-year return | +146.8% | +95.1% |
| Volatility (ann.) | 50.5% | 33.5% |
| Beta vs S&P 500 | 0.63 | 0.71 |
| Max drawdown (3Y) | -37.2% | -37.9% |
| Market cap | – | $0.7B |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAVE | TIPT |
|---|---|---|
| 2022 | +56.4% | +1.4% |
| 2023 | +41.1% | +38.8% |
| 2024 | +15.7% | +12.8% |
| 2025 | +27.9% | -11.4% |
| 2026 | -5.8% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAVE and TIPT good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RAVE and TIPT?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.38 over the last year and 0.18 over 5 years.
Is TIPT a good diversifier for RAVE?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/rave-vs-tipt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rave-vs-tipt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RAVE correlations · TIPT correlations
