ELPW vs NXPI: Correlation
How closely do Elong Power Holding Limited - Class A (ELPW) and NXP Semiconductors (NXPI) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and NXPI?
On 3 years of weekly data the ELPW/NXPI correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -24265.6 %².
Among the 30 assets we track against ELPW, NXPI ranks #21 by 3-year correlation. The last year tells two different stories: NXPI led by 95.7 percentage points, -99.0% for ELPW against -3.3% for NXPI. Note the risk asymmetry: ELPW runs 83.5 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.
ELPW vs NXPI: side by side
| ELPW (Elong Power Holding Limited - Class A) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | -99.0% | -3.3% |
| 5-year return | n/a | +8.6% |
| Volatility (ann.) | 3332.8% | 39.9% |
| Beta vs S&P 500 | 3.98 | 1.53 |
| Max drawdown (3Y) | -100.0% | -46.5% |
| Market cap | – | $57.0B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ELPW | NXPI |
|---|---|---|
| 2022 | – | -29.2% |
| 2023 | – | +48.4% |
| 2024 | -87.5% | -8.0% |
| 2025 | -91.4% | +6.4% |
| 2026 | -97.4% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and NXPI good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELPW and NXPI?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.27 over the last year and n/a over 5 years.
Is NXPI a good diversifier for ELPW?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/elpw-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elpw-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELPW correlations · NXPI correlations
