DFSC vs NXTT: Correlation
Measured on weekly returns over the past three years, DEFSEC Technologies Inc. (DFSC) and Next Technology Holding Inc. (NXTT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFSC and NXTT?
Over the past 3 years, DFSC and NXTT moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.42 over 3 years. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 494518.6 %².
By 3-year correlation, NXTT places #5 of the 14 assets tracked against DFSC. Their recent paths diverged sharply: over the last 12 months DFSC outperformed by 50.2 percentage points (-44.1% for DFSC against -94.3% for NXTT). Note the risk asymmetry: NXTT runs 50.5 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.
DFSC vs NXTT: side by side
| DFSC (DEFSEC Technologies Inc.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -94.3% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 152.6% | 7704.0% |
| Beta vs S&P 500 | 0.90 | 8.14 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFSC | NXTT |
|---|---|---|
| 2022 | -96.2% | – |
| 2023 | -65.1% | -93.9% |
| 2024 | -92.2% | -36.6% |
| 2025 | -88.4% | -98.8% |
| 2026 | +9.4% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFSC and NXTT good diversifiers for each other?
Reasonably. At 0.42, DFSC and NXTT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DFSC and NXTT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.59 over the last year and 0.01 over 5 years.
Is NXTT a good diversifier for DFSC?
Reasonably. At 0.42, DFSC and NXTT 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/dfsc-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfsc-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFSC correlations · NXTT correlations
