BODI vs NYAX: Correlation
How closely do The Beachbody Company, Inc. (BODI) and Nayax Ltd. (NYAX) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BODI and NYAX?
Over the past 3 years, BODI and NYAX moved with a correlation of 0.32, which is moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.32). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1389.6 %².
Within BODI's tracked universe of 10 assets, NYAX comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +7.3% for BODI and +9.4% for NYAX. Note the risk asymmetry: BODI runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BODI vs NYAX: side by side
| BODI (The Beachbody Company, Inc.) | NYAX (Nayax Ltd.) | |
|---|---|---|
| 1-year return | +7.3% | +9.4% |
| 5-year return | -98.4% | n/a |
| Volatility (ann.) | 88.3% | 48.8% |
| Beta vs S&P 500 | 0.88 | 0.48 |
| Max drawdown (3Y) | -84.5% | -39.1% |
| Market cap | – | $2.0B |
| P/E (trailing) | 3.5 | 261.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BODI | NYAX |
|---|---|---|
| 2022 | -77.8% | – |
| 2023 | -68.5% | -3.3% |
| 2024 | -25.8% | +53.1% |
| 2025 | +68.5% | +73.5% |
| 2026 | -42.2% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BODI and NYAX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BODI and NYAX?
As of 2026-08-27, the correlation of weekly returns between BODI and NYAX is 0.32 over 3 years, 0.47 over 1 year and 0.30 over 5 years.
Is NYAX a good diversifier for BODI?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/bodi-vs-nyax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bodi-vs-nyax/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BODI correlations · NYAX correlations
