AIRE vs NEXT: Correlation
reAlpha Tech Corp. (AIRE) and NextDecade Corporation (NEXT) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRE and NEXT?
Over the past 3 years, AIRE and NEXT moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.59) runs below the 3-year figure (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3661.8 %².
Among the 18 assets we track against AIRE, NEXT sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months NEXT outperformed by 50.5 percentage points (-80.4% for AIRE against -29.9% for NEXT). Risk is not evenly split, since AIRE carries 3.5 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.
AIRE vs NEXT: side by side
| AIRE (reAlpha Tech Corp.) | NEXT (NextDecade Corporation) | |
|---|---|---|
| 1-year return | -80.4% | -29.9% |
| 5-year return | n/a | +136.2% |
| Volatility (ann.) | 227.0% | 64.4% |
| Beta vs S&P 500 | 2.00 | 0.79 |
| Max drawdown (3Y) | -100.0% | -60.0% |
| Market cap | – | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRE | NEXT |
|---|---|---|
| 2022 | – | +73.3% |
| 2023 | – | -3.4% |
| 2024 | +45.2% | +61.6% |
| 2025 | -85.6% | -31.6% |
| 2026 | -83.8% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRE and NEXT good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIRE and NEXT?
As of 2026-08-27, the correlation of weekly returns between AIRE and NEXT is -0.25 over 3 years, -0.59 over 1 year and n/a over 5 years.
Is NEXT a good diversifier for AIRE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/aire-vs-next.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aire-vs-next/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIRE correlations · NEXT correlations
