RXST vs WKHS: Correlation
How closely do RxSight, Inc. (RXST) and Workhorse Group, Inc. (WKHS) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RXST and WKHS?
Over the past 3 years, RXST and WKHS moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -2246.7 %².
Among the 12 assets we track against RXST, WKHS sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months RXST outperformed by 57.9 percentage points (-22.7% for RXST against -80.6% for WKHS). Risk is not evenly split, since WKHS carries 2.4 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.
RXST vs WKHS: side by side
| RXST (RxSight, Inc.) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | -22.7% | -80.6% |
| 5-year return | -57.2% | -100.0% |
| Volatility (ann.) | 65.8% | 157.8% |
| Beta vs S&P 500 | 1.40 | 1.44 |
| Max drawdown (3Y) | -92.9% | -99.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RXST | WKHS |
|---|---|---|
| 2022 | +12.6% | -65.1% |
| 2023 | +218.2% | -76.3% |
| 2024 | -14.7% | -90.3% |
| 2025 | -69.7% | -95.1% |
| 2026 | -36.6% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RXST and WKHS good diversifiers for each other?
Yes. With a correlation of -0.22, RXST and WKHS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RXST and WKHS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.04 over the last year and -0.13 over 5 years.
Is WKHS a good diversifier for RXST?
Yes. With a correlation of -0.22, RXST and WKHS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/rxst-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rxst-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RXST correlations · WKHS correlations
