BRNX vs NXTT: Correlation
BrenX Ltd. (BRNX) and Next Technology Holding Inc. (NXTT) show a very strong relationship: their 3-year correlation of weekly returns is 0.92.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and NXTT?
Over the past 3 years, BRNX and NXTT moved with a correlation of 0.92, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.95) sits close to the 3-year figure. Over 5 years the correlation is 0.92, and the annualized covariance of weekly returns is 3836546.3 %².
NXTT is one of the assets that tracks BRNX most closely: it ranks #2 out of the 26 assets we track against BRNX. Neither side won the trailing year by much: -94.9% against -94.3%. Risk is not evenly split, since NXTT carries 14.3 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.
BRNX vs NXTT: side by side
| BRNX (BrenX Ltd.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -94.3% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 539.2% | 7704.0% |
| Beta vs S&P 500 | 1.25 | 8.14 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | NXTT |
|---|---|---|
| 2023 | -57.4% | -93.9% |
| 2024 | -77.8% | -36.6% |
| 2025 | -92.4% | -98.8% |
| 2026 | -77.6% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and NXTT good diversifiers for each other?
No. With a correlation of 0.92, BRNX and NXTT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BRNX and NXTT?
The BRNX/NXTT correlation stands at 0.92 on a 3-year window (1 year: 0.95, 5 years: 0.92), computed from weekly returns as of 2026-08-27.
Is NXTT a good diversifier for BRNX?
No. With a correlation of 0.92, BRNX and NXTT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.92 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/brnx-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brnx-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRNX correlations · NXTT correlations
