RFAI vs WMT: Correlation
Measured on weekly returns over the past three years, RF Acquisition Corp II (RFAI) and Walmart (WMT) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFAI and WMT?
Across a 3-year window, the weekly returns of RFAI and WMT correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.28 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2033.3 %².
By 3-year correlation, WMT places #53 of the 65 assets tracked against RFAI. Correlation aside, the last 12 months split them widely, with RFAI ahead by 381.8 points (+389.5% versus +7.7%). Risk is not evenly split, since RFAI carries 12.5 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.
RFAI vs WMT: side by side
| RFAI (RF Acquisition Corp II) | WMT (Walmart) | |
|---|---|---|
| 1-year return | +389.5% | +7.7% |
| 5-year return | n/a | +121.9% |
| Volatility (ann.) | 288.3% | 23.0% |
| Beta vs S&P 500 | -1.62 | 0.53 |
| Max drawdown (3Y) | -16.5% | -23.3% |
| Market cap | $0.4B | $816.7B |
| P/E (trailing) | 399.9 | 37.1 |
| Dividend yield | 0.00% | 0.92% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | RFAI | WMT |
|---|---|---|
| 2022 | – | -0.5% |
| 2023 | – | +12.9% |
| 2024 | – | +74.0% |
| 2025 | +5.2% | +24.5% |
| 2026 | +383.6% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFAI and WMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between RFAI and WMT?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.39 over the last year and n/a over 5 years.
Is WMT a good diversifier for RFAI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: RFAI correlations · WMT correlations
