RDGT vs WY: Correlation
Ridgetech, Inc. (RDGT) and Weyerhaeuser (WY) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDGT and WY?
Over the past 3 years, RDGT and WY moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.14). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -431.0 %².
Within RDGT's tracked universe of 21 assets, WY comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WY ahead by 93.4 points (-99.5% versus -6.1%). Risk is not evenly split, since RDGT carries 4.9 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.
RDGT vs WY: side by side
| RDGT (Ridgetech, Inc.) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -99.5% | -6.1% |
| 5-year return | -100.0% | -19.5% |
| Volatility (ann.) | 120.7% | 24.8% |
| Beta vs S&P 500 | 0.28 | 0.64 |
| Max drawdown (3Y) | -99.9% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | RDGT | WY |
|---|---|---|
| 2022 | -21.5% | -20.4% |
| 2023 | -93.9% | +18.0% |
| 2024 | -59.8% | -16.6% |
| 2025 | +61.0% | -13.0% |
| 2026 | -99.8% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDGT and WY good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RDGT and WY?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.31 over the last year and -0.09 over 5 years.
Is WY a good diversifier for RDGT?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 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/rdgt-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rdgt-vs-wy/)
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Related comparisons
Hubs: RDGT correlations · WY correlations
