ISOU vs NXE: Correlation
IsoEnergy Ltd. (ISOU) and Nexgen Energy Ltd. (NXE) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISOU and NXE?
Across a 3-year window, the weekly returns of ISOU and NXE correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 2534.6 %².
In ISOU's tracked universe of 14 assets, NXE sits right near the top at #2. Their 12-month results are close: +56.0% for ISOU against +54.6% for NXE.
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.
ISOU vs NXE: side by side
| ISOU (IsoEnergy Ltd.) | NXE (Nexgen Energy Ltd.) | |
|---|---|---|
| 1-year return | +56.0% | +54.6% |
| 5-year return | +42.5% | +144.9% |
| Volatility (ann.) | 65.5% | 50.8% |
| Beta vs S&P 500 | 1.86 | 1.48 |
| Max drawdown (3Y) | -69.0% | -54.3% |
| Market cap | $0.8B | $7.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ISOU | NXE |
|---|---|---|
| 2022 | -28.1% | +1.4% |
| 2023 | +31.1% | +58.0% |
| 2024 | -35.1% | -5.7% |
| 2025 | +26.0% | +39.4% |
| 2026 | +34.1% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISOU and NXE good diversifiers for each other?
Only partially. A correlation of 0.76 means ISOU and NXE 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 ISOU and NXE?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.84 over the last year and 0.73 over 5 years.
Is NXE a good diversifier for ISOU?
Only partially. A correlation of 0.76 means ISOU and NXE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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/isou-vs-nxe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/isou-vs-nxe/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ISOU correlations · NXE correlations
