REAL vs W: Correlation
How closely do The RealReal, Inc. (REAL) and Wayfair Inc. (W) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REAL and W?
On 3 years of weekly data the REAL/W correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.43 over 3. The 5-year figure is 0.55, and annualized covariance runs at 2564.9 %².
Among the 11 assets we track against REAL, W ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +43.5% for REAL and +41.0% for W.
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.
REAL vs W: side by side
| REAL (The RealReal, Inc.) | W (Wayfair Inc.) | |
|---|---|---|
| 1-year return | +43.5% | +41.0% |
| 5-year return | -17.2% | -64.0% |
| Volatility (ann.) | 88.9% | 67.1% |
| Beta vs S&P 500 | 2.33 | 2.50 |
| Max drawdown (3Y) | -57.2% | -67.7% |
| Market cap | $1.3B | $14.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REAL | W |
|---|---|---|
| 2022 | -89.2% | -82.7% |
| 2023 | +60.8% | +87.6% |
| 2024 | +443.8% | -28.2% |
| 2025 | +44.4% | +126.6% |
| 2026 | -30.6% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REAL and W good diversifiers for each other?
Reasonably. At 0.43, REAL and W keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between REAL and W?
As of 2026-08-27, the correlation of weekly returns between REAL and W is 0.43 over 3 years, 0.47 over 1 year and 0.55 over 5 years.
Is W a good diversifier for REAL?
Reasonably. At 0.43, REAL and W keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: REAL correlations · W correlations
