GIFT vs NA: Correlation
How closely do Giftify, Inc. (GIFT) and Nano Labs Ltd - Class A (NA) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIFT and NA?
Over the past 3 years, GIFT and NA moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.20) than the 3-year average (-0.34). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -4265.6 %².
Among the 19 assets we track against GIFT, NA sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months GIFT outperformed by 45.3 percentage points (-20.0% for GIFT against -65.3% for NA). Risk is not evenly split, since NA carries 2.6 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.
GIFT vs NA: side by side
| GIFT (Giftify, Inc.) | NA (Nano Labs Ltd - Class A) | |
|---|---|---|
| 1-year return | -20.0% | -65.3% |
| 5-year return | -65.3% | -98.2% |
| Volatility (ann.) | 70.2% | 181.1% |
| Beta vs S&P 500 | 0.42 | 0.36 |
| Max drawdown (3Y) | -83.5% | -92.7% |
| Market cap | – | – |
| P/E (trailing) | – | 2.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIFT | NA |
|---|---|---|
| 2022 | +135.8% | – |
| 2023 | +182.7% | +57.4% |
| 2024 | -72.7% | -50.5% |
| 2025 | +0.9% | -64.8% |
| 2026 | -25.8% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIFT and NA good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIFT and NA?
As of 2026-08-27, the correlation of weekly returns between GIFT and NA is -0.34 over 3 years, 0.20 over 1 year and -0.26 over 5 years.
Is NA a good diversifier for GIFT?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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: GIFT correlations · NA correlations
