IHT vs NBTX: Correlation
InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and Nanobiotix S.A. (NBTX) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and NBTX?
On 3 years of weekly data the IHT/NBTX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.23 over 3. The 5-year figure is -0.15, and annualized covariance runs at -927.6 %².
Among the 20 assets we track against IHT, NBTX ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NBTX outperformed by 436.1 percentage points (-33.8% for IHT against +402.3% for NBTX).
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.
IHT vs NBTX: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | NBTX (Nanobiotix S.A.) | |
|---|---|---|
| 1-year return | -33.8% | +402.3% |
| 5-year return | -63.6% | +223.5% |
| Volatility (ann.) | 55.0% | 72.0% |
| Beta vs S&P 500 | 0.07 | 0.72 |
| Max drawdown (3Y) | -69.6% | -73.2% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHT | NBTX |
|---|---|---|
| 2022 | -22.9% | -54.7% |
| 2023 | +2.3% | +98.4% |
| 2024 | +29.5% | -60.6% |
| 2025 | -37.4% | +705.6% |
| 2026 | -3.6% | +95.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and NBTX good diversifiers for each other?
Yes. With a correlation of -0.23, IHT and NBTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IHT and NBTX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.26 over the last year and -0.15 over 5 years.
Is NBTX a good diversifier for IHT?
Yes. With a correlation of -0.23, IHT and NBTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/iht-vs-nbtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iht-vs-nbtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IHT correlations · NBTX correlations
