ACEL vs NUTX: Correlation
Accel Entertainment, Inc. (ACEL) and Nutex Health Inc. (NUTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and NUTX?
Over the past 3 years, ACEL and NUTX moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.38 over 3 years. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1294.3 %².
Within ACEL's tracked universe of 16 assets, NUTX comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NUTX outperformed by 114.7 percentage points (+1.3% for ACEL against +116.0% for NUTX). Risk is not evenly split, since NUTX carries 4.3 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.
ACEL vs NUTX: side by side
| ACEL (Accel Entertainment, Inc.) | NUTX (Nutex Health Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +116.0% |
| 5-year return | +1.6% | -96.8% |
| Volatility (ann.) | 28.0% | 120.6% |
| Beta vs S&P 500 | 0.73 | 2.13 |
| Max drawdown (3Y) | -26.0% | -90.7% |
| Market cap | $0.9B | $1.3B |
| P/E (trailing) | 17.7 | 7.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | NUTX |
|---|---|---|
| 2022 | -40.9% | – |
| 2023 | +33.4% | -90.5% |
| 2024 | +4.0% | +17.4% |
| 2025 | +6.8% | +419.5% |
| 2026 | +2.5% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and NUTX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACEL and NUTX?
The ACEL/NUTX correlation stands at 0.38 on a 3-year window (1 year: 0.22, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is NUTX a good diversifier for ACEL?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/acel-vs-nutx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acel-vs-nutx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACEL correlations · NUTX correlations
