BOC vs NEXN: Correlation
How closely do Boston Omaha Corporation (BOC) and Nexxen International Ltd. (NEXN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOC and NEXN?
Over the past 3 years, BOC and NEXN moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 544.2 %².
By 3-year correlation, NEXN places #6 of the 12 assets tracked against BOC. Twelve-month performance is nearly a tie, at +1.5% for BOC and +2.6% for NEXN. One caveat on sizing: NEXN is 1.5 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.
BOC vs NEXN: side by side
| BOC (Boston Omaha Corporation) | NEXN (Nexxen International Ltd.) | |
|---|---|---|
| 1-year return | +1.5% | +2.6% |
| 5-year return | -60.8% | -49.7% |
| Volatility (ann.) | 29.8% | 45.7% |
| Beta vs S&P 500 | 0.31 | 0.87 |
| Max drawdown (3Y) | -37.4% | -53.7% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | – | 46.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOC | NEXN |
|---|---|---|
| 2022 | -7.8% | -57.4% |
| 2023 | -40.6% | -21.6% |
| 2024 | -9.9% | +98.0% |
| 2025 | -12.8% | -34.7% |
| 2026 | +11.2% | +54.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOC and NEXN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BOC and NEXN?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.39 over the last year and 0.38 over 5 years.
Is NEXN a good diversifier for BOC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/boc-vs-nexn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/boc-vs-nexn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOC correlations · NEXN correlations
