CIRC vs NDAQ: Correlation
How closely do Circle8 Group, Inc. (CIRC) and Nasdaq, Inc. (NDAQ) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIRC and NDAQ?
Across a 3-year window, the weekly returns of CIRC and NDAQ correlate at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -779.0 %².
Within CIRC's tracked universe of 14 assets, NDAQ comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NDAQ ahead by 89.6 points (-83.5% versus +6.1%). One caveat on sizing: CIRC is 8.9 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.
CIRC vs NDAQ: side by side
| CIRC (Circle8 Group, Inc.) | NDAQ (Nasdaq, Inc.) | |
|---|---|---|
| 1-year return | -83.5% | +6.1% |
| 5-year return | -99.7% | +64.4% |
| Volatility (ann.) | 207.6% | 23.2% |
| Beta vs S&P 500 | -0.24 | 0.80 |
| Max drawdown (3Y) | -98.0% | -23.4% |
| Market cap | $0.1B | $55.5B |
| P/E (trailing) | – | 29.0 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CIRC | NDAQ |
|---|---|---|
| 2022 | -84.4% | -11.2% |
| 2023 | -64.5% | -3.7% |
| 2024 | +18.2% | +34.8% |
| 2025 | -72.7% | +27.2% |
| 2026 | -46.8% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIRC and NDAQ good diversifiers for each other?
Yes. With a correlation of -0.16, CIRC and NDAQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIRC and NDAQ?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.11 over the last year and -0.09 over 5 years.
Is NDAQ a good diversifier for CIRC?
Yes. With a correlation of -0.16, CIRC and NDAQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/circ-vs-ndaq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/circ-vs-ndaq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIRC correlations · NDAQ correlations
