RFAI vs RS: Correlation
RF Acquisition Corp II (RFAI) and Reliance, Inc. (RS) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFAI and RS?
Across a 3-year window, the weekly returns of RFAI and RS correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.25 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1878.0 %².
By 3-year correlation, RS places #43 of the 65 assets tracked against RFAI. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 354.8 percentage points (+389.5% for RFAI against +34.7% for RS). Note the risk asymmetry: RFAI runs 11.3 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.
RFAI vs RS: side by side
| RFAI (RF Acquisition Corp II) | RS (Reliance, Inc.) | |
|---|---|---|
| 1-year return | +389.5% | +34.7% |
| 5-year return | n/a | +177.9% |
| Volatility (ann.) | 288.3% | 25.5% |
| Beta vs S&P 500 | -1.62 | 0.77 |
| Max drawdown (3Y) | -16.5% | -22.3% |
| Market cap | $0.4B | $20.0B |
| P/E (trailing) | 399.9 | 22.8 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RFAI | RS |
|---|---|---|
| 2022 | – | +27.1% |
| 2023 | – | +40.3% |
| 2024 | – | -2.3% |
| 2025 | +5.2% | +9.1% |
| 2026 | +383.6% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFAI and RS good diversifiers for each other?
Yes. With a correlation of -0.25, RFAI and RS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RFAI and RS?
As of 2026-08-27, the correlation of weekly returns between RFAI and RS is -0.25 over 3 years, -0.41 over 1 year and n/a over 5 years.
Is RS a good diversifier for RFAI?
Yes. With a correlation of -0.25, RFAI and RS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/rfai-vs-rs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rfai-vs-rs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RFAI correlations · RS correlations
