EZPW vs NAII: Correlation
Measured on weekly returns over the past three years, EZCORP, Inc. - Class A Non-Voting (EZPW) and Natural Alternatives International, Inc. (NAII) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZPW and NAII?
On 3 years of weekly data the EZPW/NAII correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -303.2 %².
Among the 10 assets we track against EZPW, NAII sits near the bottom by co-movement, at rank #8. The last year tells two different stories: EZPW led by 145.8 percentage points, +109.8% for EZPW against -36.0% for NAII. Risk is not evenly split, since NAII carries 1.6 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.
EZPW vs NAII: side by side
| EZPW (EZCORP, Inc. - Class A Non-Voting) | NAII (Natural Alternatives International, Inc.) | |
|---|---|---|
| 1-year return | +109.8% | -36.0% |
| 5-year return | +400.9% | -85.1% |
| Volatility (ann.) | 31.0% | 49.2% |
| Beta vs S&P 500 | 0.26 | 0.09 |
| Max drawdown (3Y) | -24.2% | -71.7% |
| Market cap | $2.1B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZPW | NAII |
|---|---|---|
| 2022 | +10.6% | -33.7% |
| 2023 | +7.2% | -22.2% |
| 2024 | +39.8% | -34.0% |
| 2025 | +58.9% | -16.9% |
| 2026 | +77.2% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZPW and NAII good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EZPW and NAII?
As of 2026-08-27, the correlation of weekly returns between EZPW and NAII is -0.20 over 3 years, -0.23 over 1 year and -0.11 over 5 years.
Is NAII a good diversifier for EZPW?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EZPW correlations · NAII correlations
