FLYW vs NXDR: Correlation
Flywire Corporation - Voting (FLYW) and Nextdoor Holdings, Inc. (NXDR) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYW and NXDR?
Across a 3-year window, the weekly returns of FLYW and NXDR correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 1543.2 %².
NXDR is one of the assets that tracks FLYW most closely: it ranks #1 out of the 12 assets we track against FLYW. The last year tells two different stories: FLYW led by 33.1 percentage points, +43.1% for FLYW against +10.0% for NXDR.
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.
FLYW vs NXDR: side by side
| FLYW (Flywire Corporation - Voting) | NXDR (Nextdoor Holdings, Inc.) | |
|---|---|---|
| 1-year return | +43.1% | +10.0% |
| 5-year return | -57.5% | -82.2% |
| Volatility (ann.) | 54.1% | 54.0% |
| Beta vs S&P 500 | 1.13 | 1.65 |
| Max drawdown (3Y) | -75.7% | -53.6% |
| Market cap | $2.3B | $0.9B |
| P/E (trailing) | 69.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYW | NXDR |
|---|---|---|
| 2022 | -35.7% | -73.9% |
| 2023 | -5.4% | -8.3% |
| 2024 | -10.9% | +25.4% |
| 2025 | -31.3% | -11.4% |
| 2026 | +32.1% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYW and NXDR good diversifiers for each other?
Only partially. A correlation of 0.53 means FLYW and NXDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FLYW and NXDR?
As of 2026-08-27, the correlation of weekly returns between FLYW and NXDR is 0.53 over 3 years, 0.55 over 1 year and 0.54 over 5 years.
Is NXDR a good diversifier for FLYW?
Only partially. A correlation of 0.53 means FLYW and NXDR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/flyw-vs-nxdr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flyw-vs-nxdr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLYW correlations · NXDR correlations
