CRDO vs NSLR: Correlation
Credo Technology Group Holding Ltd (CRDO) and Neostellar Capital Corp. - Closed End Fund (NSLR) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and NSLR?
On 3 years of weekly data the CRDO/NSLR correlation comes out at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.42 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 1600.7 %².
Within CRDO's tracked universe of 20 assets, NSLR comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRDO outperformed by 74.4 percentage points (+95.7% for CRDO against +21.3% for NSLR). One caveat on sizing: CRDO is 1.9 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.
CRDO vs NSLR: side by side
| CRDO (Credo Technology Group Holding Ltd) | NSLR (Neostellar Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +95.7% | +21.3% |
| 5-year return | +1962.1% | +4.6% |
| Volatility (ann.) | 84.8% | 45.0% |
| Beta vs S&P 500 | 3.44 | 0.97 |
| Max drawdown (3Y) | -61.1% | -35.6% |
| Market cap | $45.1B | $0.3B |
| P/E (trailing) | 90.0 | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDO | NSLR |
|---|---|---|
| 2022 | – | -70.3% |
| 2023 | +46.3% | +3.7% |
| 2024 | +245.2% | +49.2% |
| 2025 | +114.1% | +69.9% |
| 2026 | +67.0% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and NSLR good diversifiers for each other?
Reasonably. At 0.42, CRDO and NSLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRDO and NSLR?
The CRDO/NSLR correlation stands at 0.42 on a 3-year window (1 year: 0.52, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is NSLR a good diversifier for CRDO?
Reasonably. At 0.42, CRDO and NSLR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/crdo-vs-nslr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crdo-vs-nslr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRDO correlations · NSLR correlations
