BKKT vs NEXR: Correlation
How closely do Bakkt, Inc. (BKKT) and Nexera Technologies Ltd (NEXR) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and NEXR?
Over the past 3 years, BKKT and NEXR moved with a correlation of 0.54, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.54). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 60940.2 %².
NEXR is one of the assets that tracks BKKT most closely: it ranks #1 out of the 11 assets we track against BKKT. Their recent paths diverged sharply: over the last 12 months BKKT outperformed by 97.5 percentage points (-2.2% for BKKT against -99.7% for NEXR). Risk is not evenly split, since NEXR carries 3.8 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.
BKKT vs NEXR: side by side
| BKKT (Bakkt, Inc.) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | -2.2% | -99.7% |
| 5-year return | -96.6% | n/a |
| Volatility (ann.) | 172.9% | 656.6% |
| Beta vs S&P 500 | 3.19 | 3.62 |
| Max drawdown (3Y) | -89.4% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKKT | NEXR |
|---|---|---|
| 2022 | -86.0% | – |
| 2023 | +87.4% | -62.4% |
| 2024 | -55.6% | -15.7% |
| 2025 | -59.5% | -98.1% |
| 2026 | -16.1% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and NEXR good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKKT and NEXR?
The BKKT/NEXR correlation stands at 0.54 on a 3-year window (1 year: 0.29, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is NEXR a good diversifier for BKKT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/bkkt-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkkt-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BKKT correlations · NEXR correlations
