EXFY vs NTRA: Correlation
Measured on weekly returns over the past three years, Expensify, Inc. (EXFY) and Natera, Inc. (NTRA) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXFY and NTRA?
Over the past 3 years, EXFY and NTRA moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1753.3 %².
NTRA is one of the assets that tracks EXFY most closely: it ranks #2 out of the 12 assets we track against EXFY. Correlation aside, the last 12 months split them widely, with NTRA ahead by 74.4 points (+33.3% versus +107.7%). Note the risk asymmetry: EXFY 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.
EXFY vs NTRA: side by side
| EXFY (Expensify, Inc.) | NTRA (Natera, Inc.) | |
|---|---|---|
| 1-year return | +33.3% | +107.7% |
| 5-year return | -93.8% | +182.7% |
| Volatility (ann.) | 83.7% | 45.2% |
| Beta vs S&P 500 | 2.04 | 1.27 |
| Max drawdown (3Y) | -83.4% | -39.9% |
| Market cap | $0.2B | $48.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXFY | NTRA |
|---|---|---|
| 2022 | -79.9% | -57.0% |
| 2023 | -72.0% | +55.9% |
| 2024 | +35.6% | +152.7% |
| 2025 | -54.9% | +44.7% |
| 2026 | +69.5% | +47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXFY and NTRA good diversifiers for each other?
Reasonably. At 0.46, EXFY and NTRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXFY and NTRA?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.54 over the last year and 0.37 over 5 years.
Is NTRA a good diversifier for EXFY?
Reasonably. At 0.46, EXFY and NTRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/exfy-vs-ntra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exfy-vs-ntra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXFY correlations · NTRA correlations
