ARKK vs NXH: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Neighborhood Intelligence, Inc. (NXH) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and NXH?
On 3 years of weekly data the ARKK/NXH correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 1710.9 %².
By 3-year correlation, NXH places #55 of the 122 assets tracked against ARKK. Correlation aside, the last 12 months split them widely, with ARKK ahead by 72.5 points (+15.7% versus -56.8%). One caveat on sizing: NXH is 2.2 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.
ARKK vs NXH: side by side
| ARKK (ARK Innovation ETF) | NXH (Neighborhood Intelligence, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -56.8% |
| 5-year return | -27.7% | -94.6% |
| Volatility (ann.) | 38.8% | 84.1% |
| Beta vs S&P 500 | 2.07 | 2.56 |
| Max drawdown (3Y) | -39.6% | -89.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | NXH |
|---|---|---|
| 2022 | -67.0% | -67.2% |
| 2023 | +69.0% | +43.0% |
| 2024 | +8.4% | -82.2% |
| 2025 | +35.5% | +10.8% |
| 2026 | +13.6% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and NXH good diversifiers for each other?
Only partially. A correlation of 0.52 means ARKK and NXH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARKK and NXH?
The ARKK/NXH correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is NXH a good diversifier for ARKK?
Only partially. A correlation of 0.52 means ARKK and NXH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-nxh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-nxh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARKK correlations · NXH correlations
