AYTU vs NI: Correlation
How closely do Aytu BioPharma, Inc. (AYTU) and NiSource (NI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYTU and NI?
On 3 years of weekly data the AYTU/NI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -331.9 %².
Out of 14 assets tracked against AYTU, NI lands near the bottom at #12. Their 12-month results are close: -3.9% for AYTU against -0.9% for NI. One caveat on sizing: AYTU is 4.5 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.
AYTU vs NI: side by side
| AYTU (Aytu BioPharma, Inc.) | NI (NiSource) | |
|---|---|---|
| 1-year return | -3.9% | -0.9% |
| 5-year return | -97.0% | +94.6% |
| Volatility (ann.) | 80.5% | 17.8% |
| Beta vs S&P 500 | 1.44 | 0.26 |
| Max drawdown (3Y) | -70.2% | -16.7% |
| Market cap | – | $19.6B |
| P/E (trailing) | – | 21.9 |
| Dividend yield | 0.00% | 1.41% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | AYTU | NI |
|---|---|---|
| 2022 | -85.9% | +2.7% |
| 2023 | -25.3% | +0.5% |
| 2024 | -40.1% | +43.5% |
| 2025 | +52.9% | +16.8% |
| 2026 | -13.8% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYTU and NI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AYTU and NI?
The AYTU/NI correlation stands at -0.23 on a 3-year window (1 year: -0.28, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is NI a good diversifier for AYTU?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/aytu-vs-ni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aytu-vs-ni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AYTU correlations · NI correlations
