DUO vs NTIP: Correlation
How closely do Fangdd Network Group Ltd. - Class A (DUO) and Network-1 Technologies, Inc. (NTIP) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUO and NTIP?
On 3 years of weekly data the DUO/NTIP correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (-0.25). The 5-year figure is -0.11, and annualized covariance runs at -2125.1 %².
NTIP is close to the least connected end of DUO's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with NTIP ahead by 66.3 points (-53.8% versus +12.5%). Note the risk asymmetry: DUO runs 9.1 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.
DUO vs NTIP: side by side
| DUO (Fangdd Network Group Ltd. - Class A) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | -53.8% | +12.5% |
| 5-year return | -100.0% | -36.5% |
| Volatility (ann.) | 278.7% | 30.6% |
| Beta vs S&P 500 | 1.68 | -0.04 |
| Max drawdown (3Y) | -99.2% | -49.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUO | NTIP |
|---|---|---|
| 2022 | -89.0% | -18.7% |
| 2023 | -94.2% | +3.5% |
| 2024 | -11.1% | -35.6% |
| 2025 | -84.7% | +5.4% |
| 2026 | -52.2% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUO and NTIP good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between DUO and NTIP?
The DUO/NTIP correlation stands at -0.25 on a 3-year window (1 year: 0.29, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is NTIP a good diversifier for DUO?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/duo-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/duo-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DUO correlations · NTIP correlations
