RFAI vs SLE: Correlation
Measured on weekly returns over the past three years, RF Acquisition Corp II (RFAI) and Super League Enterprise, Inc. (SLE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFAI and SLE?
Across a 3-year window, the weekly returns of RFAI and SLE correlate at 0.41, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 15848.8 %².
By 3-year correlation, SLE places #9 of the 65 assets tracked against RFAI. Correlation aside, the last 12 months split them widely, with RFAI ahead by 480.4 points (+389.5% versus -90.9%). Note the risk asymmetry: RFAI runs 2.3 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 SLE: side by side
| RFAI (RF Acquisition Corp II) | SLE (Super League Enterprise, Inc.) | |
|---|---|---|
| 1-year return | +389.5% | -90.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 288.3% | 126.8% |
| Beta vs S&P 500 | -1.62 | 1.87 |
| Max drawdown (3Y) | -16.5% | -99.9% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | 399.9 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RFAI | SLE |
|---|---|---|
| 2022 | – | -85.8% |
| 2023 | – | -77.4% |
| 2024 | – | -59.3% |
| 2025 | +5.2% | -97.5% |
| 2026 | +383.6% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFAI and SLE good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RFAI and SLE?
As of 2026-08-27, the correlation of weekly returns between RFAI and SLE is 0.41 over 3 years, 0.56 over 1 year and n/a over 5 years.
Is SLE a good diversifier for RFAI?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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-sle.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rfai-vs-sle/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RFAI correlations · SLE correlations
