DBD vs NAUT: Correlation
Diebold Nixdorf Incorporated (DBD) and Nautilus Biotechnology, Inc. (NAUT) 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 DBD and NAUT?
On 3 years of weekly data the DBD/NAUT correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1182.2 %².
By 3-year correlation, NAUT places #6 of the 12 assets tracked against DBD. Correlation aside, the last 12 months split them widely, with NAUT ahead by 21.2 points (+7.4% versus +28.6%). Note the risk asymmetry: NAUT runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DBD vs NAUT: side by side
| DBD (Diebold Nixdorf Incorporated) | NAUT (Nautilus Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | +7.4% | +28.6% |
| 5-year return | n/a | -88.5% |
| Volatility (ann.) | 38.5% | 72.5% |
| Beta vs S&P 500 | 1.07 | 1.36 |
| Max drawdown (3Y) | -25.8% | -83.8% |
| Market cap | $2.3B | $0.1B |
| P/E (trailing) | 22.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBD | NAUT |
|---|---|---|
| 2022 | – | -65.3% |
| 2023 | – | +66.1% |
| 2024 | +48.7% | -43.8% |
| 2025 | +57.7% | +16.1% |
| 2026 | -0.3% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBD and NAUT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DBD and NAUT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.36 over the last year and n/a over 5 years.
Is NAUT a good diversifier for DBD?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/dbd-vs-naut.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbd-vs-naut/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DBD correlations · NAUT correlations
