CMND vs NRK: Correlation
Clearmind Medicine Inc. (CMND) and Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMND and NRK?
On 3 years of weekly data the CMND/NRK correlation comes out at 0.27, weak. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 356.3 %².
Among the 10 assets we track against CMND, NRK ranks #5 by 3-year correlation. The last year tells two different stories: NRK led by 117.0 percentage points, -99.6% for CMND against +17.4% for NRK. Risk is not evenly split, since CMND carries 11.4 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.
CMND vs NRK: side by side
| CMND (Clearmind Medicine Inc.) | NRK (Nuveen New York AMT-Free Quality Municipal Income Fund) | |
|---|---|---|
| 1-year return | -99.6% | +17.4% |
| 5-year return | n/a | -2.0% |
| Volatility (ann.) | 122.3% | 10.7% |
| Beta vs S&P 500 | 1.24 | 0.27 |
| Max drawdown (3Y) | -100.0% | -11.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 32.1 |
| Dividend yield | 0.00% | 8.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMND | NRK |
|---|---|---|
| 2022 | – | -21.8% |
| 2023 | -97.0% | +7.1% |
| 2024 | -50.9% | +5.9% |
| 2025 | -96.7% | +4.7% |
| 2026 | -90.0% | +7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMND and NRK good diversifiers for each other?
Reasonably. At 0.27, CMND and NRK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMND and NRK?
The CMND/NRK correlation stands at 0.27 on a 3-year window (1 year: 0.35, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is NRK a good diversifier for CMND?
Reasonably. At 0.27, CMND and NRK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmnd-vs-nrk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmnd-vs-nrk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMND correlations · NRK correlations
