EEFT vs NEXN: Correlation
How closely do Euronet Worldwide, Inc. (EEFT) and Nexxen International Ltd. (NEXN) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEFT and NEXN?
On 3 years of weekly data the EEFT/NEXN correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 526.3 %².
Among the 14 assets we track against EEFT, NEXN ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NEXN outperformed by 29.6 percentage points (-27.0% for EEFT against +2.6% for NEXN). Risk is not evenly split, since NEXN carries 1.5 times the volatility of the other side.
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.
EEFT vs NEXN: side by side
| EEFT (Euronet Worldwide, Inc.) | NEXN (Nexxen International Ltd.) | |
|---|---|---|
| 1-year return | -27.0% | +2.6% |
| 5-year return | -48.7% | -49.7% |
| Volatility (ann.) | 30.1% | 45.7% |
| Beta vs S&P 500 | 0.89 | 0.87 |
| Max drawdown (3Y) | -45.3% | -53.7% |
| Market cap | $2.6B | $0.6B |
| P/E (trailing) | 11.2 | 46.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEFT | NEXN |
|---|---|---|
| 2022 | -20.8% | -57.4% |
| 2023 | +7.5% | -21.6% |
| 2024 | +1.3% | +98.0% |
| 2025 | -26.0% | -34.7% |
| 2026 | -10.0% | +54.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEFT and NEXN good diversifiers for each other?
Reasonably. At 0.38, EEFT and NEXN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EEFT and NEXN?
As of 2026-08-27, the correlation of weekly returns between EEFT and NEXN is 0.38 over 3 years, 0.42 over 1 year and 0.38 over 5 years.
Is NEXN a good diversifier for EEFT?
Reasonably. At 0.38, EEFT and NEXN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/eeft-vs-nexn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eeft-vs-nexn/)
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Related comparisons
Hubs: EEFT correlations · NEXN correlations
