CNTX vs NUWE: Correlation
Measured on weekly returns over the past three years, Context Therapeutics Inc. (CNTX) and Nuwellis, Inc. (NUWE) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTX and NUWE?
Over the past 3 years, CNTX and NUWE moved with a correlation of 0.31, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.31 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 4540.2 %².
Among the 10 assets we track against CNTX, NUWE ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CNTX ahead by 47.9 points (-51.6% versus -99.5%).
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.
CNTX vs NUWE: side by side
| CNTX (Context Therapeutics Inc.) | NUWE (Nuwellis, Inc.) | |
|---|---|---|
| 1-year return | -51.6% | -99.5% |
| 5-year return | -91.8% | -100.0% |
| Volatility (ann.) | 102.4% | 141.6% |
| Beta vs S&P 500 | 0.87 | 1.66 |
| Max drawdown (3Y) | -87.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNTX | NUWE |
|---|---|---|
| 2022 | -75.5% | -90.6% |
| 2023 | +73.3% | -94.6% |
| 2024 | -7.1% | -94.5% |
| 2025 | +40.0% | -96.3% |
| 2026 | -71.7% | -98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTX and NUWE good diversifiers for each other?
Reasonably. At 0.31, CNTX and NUWE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNTX and NUWE?
The CNTX/NUWE correlation stands at 0.31 on a 3-year window (1 year: 0.50, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is NUWE a good diversifier for CNTX?
Reasonably. At 0.31, CNTX and NUWE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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
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Related comparisons
Hubs: CNTX correlations · NUWE correlations
