BB vs NXPL: Correlation
BlackBerry Limited (BB) and NextPlat Corp (NXPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BB and NXPL?
Over the past 3 years, BB and NXPL moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1542.4 %².
Within BB's tracked universe of 11 assets, NXPL comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BB outperformed by 105.2 percentage points (+124.7% for BB against +19.5% for NXPL).
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.
BB vs NXPL: side by side
| BB (BlackBerry Limited) | NXPL (NextPlat Corp) | |
|---|---|---|
| 1-year return | +124.7% | +19.5% |
| 5-year return | -22.8% | -85.7% |
| Volatility (ann.) | 63.0% | 71.9% |
| Beta vs S&P 500 | 1.29 | 1.10 |
| Max drawdown (3Y) | -62.3% | -84.4% |
| Market cap | $5.1B | – |
| P/E (trailing) | 78.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BB | NXPL |
|---|---|---|
| 2022 | -65.1% | -61.1% |
| 2023 | +8.6% | +31.0% |
| 2024 | +6.8% | -34.5% |
| 2025 | +0.3% | -50.9% |
| 2026 | +128.2% | +75.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BB and NXPL good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BB and NXPL?
The BB/NXPL correlation stands at 0.34 on a 3-year window (1 year: 0.33, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is NXPL a good diversifier for BB?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/bb-vs-nxpl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bb-vs-nxpl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BB correlations · NXPL correlations
