IBKR vs NPWR: Correlation
Interactive Brokers (IBKR) and NET Power Inc. (NPWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and NPWR?
Over the past 3 years, IBKR and NPWR moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 1130.3 %².
Among the 32 assets we track against IBKR, NPWR ranks #21 by 3-year correlation. The last year tells two different stories: IBKR led by 85.1 percentage points, +57.0% for IBKR against -28.1% for NPWR. Risk is not evenly split, since NPWR carries 2.4 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.
IBKR vs NPWR: side by side
| IBKR (Interactive Brokers) | NPWR (NET Power Inc.) | |
|---|---|---|
| 1-year return | +57.0% | -28.1% |
| 5-year return | +516.0% | -80.6% |
| Volatility (ann.) | 33.9% | 80.8% |
| Beta vs S&P 500 | 1.37 | 1.46 |
| Max drawdown (3Y) | -38.7% | -91.8% |
| Market cap | $164.5B | $0.2B |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.34% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IBKR | NPWR |
|---|---|---|
| 2022 | -8.4% | +1.7% |
| 2023 | +15.1% | -0.7% |
| 2024 | +114.4% | +4.9% |
| 2025 | +46.4% | -78.5% |
| 2026 | +50.4% | -17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and NPWR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBKR and NPWR?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.48 over the last year and 0.29 over 5 years.
Is NPWR a good diversifier for IBKR?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: IBKR correlations · NPWR correlations
