AXSM vs NFJ: Correlation
Measured on weekly returns over the past three years, Axsome Therapeutics, Inc. (AXSM) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXSM and NFJ?
On 3 years of weekly data the AXSM/NFJ correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.41). The 5-year figure is 0.20, and annualized covariance runs at 222.3 %².
In AXSM's tracked universe of 12 assets, NFJ sits right near the top at #2. The last year tells two different stories: AXSM led by 38.3 percentage points, +69.3% for AXSM against +31.0% for NFJ. Risk is not evenly split, since AXSM carries 2.9 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.
AXSM vs NFJ: side by side
| AXSM (Axsome Therapeutics, Inc.) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +69.3% | +31.0% |
| 5-year return | +746.1% | +50.8% |
| Volatility (ann.) | 39.4% | 13.8% |
| Beta vs S&P 500 | 0.82 | 0.73 |
| Max drawdown (3Y) | -32.7% | -17.0% |
| Market cap | $10.8B | $1.5B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXSM | NFJ |
|---|---|---|
| 2022 | +104.2% | -23.9% |
| 2023 | +3.2% | +21.3% |
| 2024 | +6.3% | +10.0% |
| 2025 | +115.9% | +12.4% |
| 2026 | +12.9% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXSM and NFJ good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AXSM and NFJ?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.23 over the last year and 0.20 over 5 years.
Is NFJ a good diversifier for AXSM?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/axsm-vs-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axsm-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXSM correlations · NFJ correlations
