AEHL vs NXTT: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and Next Technology Holding Inc. (NXTT) trade together? Their weekly returns over three years give a correlation of 0.98, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and NXTT?
On 3 years of weekly data the AEHL/NXTT correlation comes out at 0.98, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.98) sits close to the 3-year figure. The 5-year figure is 0.98, and annualized covariance runs at 8997014.8 %².
Few assets follow AEHL as closely as NXTT, which ranks #2 of 26 tracked partners. Correlation aside, the last 12 months split them widely, with AEHL ahead by 20.7 points (-73.6% versus -94.3%). One caveat on sizing: NXTT is 6.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AEHL vs NXTT: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -73.6% | -94.3% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 1193.4% | 7704.0% |
| Beta vs S&P 500 | 1.91 | 8.14 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | NXTT |
|---|---|---|
| 2022 | -62.9% | – |
| 2023 | -56.1% | -93.9% |
| 2024 | -91.1% | -36.6% |
| 2025 | -80.8% | -98.8% |
| 2026 | -52.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and NXTT good diversifiers for each other?
Not really. At 0.98, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AEHL and NXTT?
Using weekly returns as of 2026-08-27: 0.98 over 3 years, with 0.98 over the last year and 0.98 over 5 years.
Is NXTT a good diversifier for AEHL?
Not really. At 0.98, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.98 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/aehl-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aehl-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEHL correlations · NXTT correlations
