RXT vs SEB: Correlation
Rackspace Technology, Inc. (RXT) and Seaboard Corporation (SEB) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RXT and SEB?
Across a 3-year window, the weekly returns of RXT and SEB correlate at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.36 over 3 years. Stretching to 5 years gives -0.28, with an annualized covariance of -2735.1 %².
Out of 18 assets tracked against RXT, SEB lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with RXT ahead by 174.5 points (+179.3% versus +4.8%). Note the risk asymmetry: RXT runs 7.0 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.
RXT vs SEB: side by side
| RXT (Rackspace Technology, Inc.) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | +179.3% | +4.8% |
| 5-year return | -75.7% | -4.5% |
| Volatility (ann.) | 230.1% | 32.8% |
| Beta vs S&P 500 | 3.34 | -0.07 |
| Max drawdown (3Y) | -86.5% | -37.7% |
| Market cap | $0.9B | $3.8B |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RXT | SEB |
|---|---|---|
| 2022 | -78.1% | -3.8% |
| 2023 | -32.2% | -5.2% |
| 2024 | +10.5% | -31.7% |
| 2025 | -56.1% | +83.5% |
| 2026 | +248.1% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RXT and SEB good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RXT and SEB?
As of 2026-08-27, the correlation of weekly returns between RXT and SEB is -0.36 over 3 years, -0.50 over 1 year and -0.28 over 5 years.
Is SEB a good diversifier for RXT?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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/rxt-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rxt-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RXT correlations · SEB correlations
