JBIO vs NPKI: Correlation
How closely do Jade Biosciences, Inc. (JBIO) and NPK International Inc. (NPKI) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBIO and NPKI?
Across a 3-year window, the weekly returns of JBIO and NPKI correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.20 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -855.2 %².
Out of 15 assets tracked against JBIO, NPKI lands near the bottom at #11. The last year tells two different stories: JBIO led by 136.2 percentage points, +167.8% for JBIO against +31.6% for NPKI. One caveat on sizing: JBIO is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JBIO vs NPKI: side by side
| JBIO (Jade Biosciences, Inc.) | NPKI (NPK International Inc.) | |
|---|---|---|
| 1-year return | +167.8% | +31.6% |
| 5-year return | -96.3% | +429.3% |
| Volatility (ann.) | 106.5% | 41.0% |
| Beta vs S&P 500 | 0.77 | 0.88 |
| Max drawdown (3Y) | -99.4% | -42.1% |
| Market cap | $1.4B | $1.2B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBIO | NPKI |
|---|---|---|
| 2022 | +148.5% | +41.2% |
| 2023 | -22.8% | +60.0% |
| 2024 | -88.3% | +15.5% |
| 2025 | -82.9% | +55.4% |
| 2026 | +38.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBIO and NPKI good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JBIO and NPKI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.10 over the last year and -0.10 over 5 years.
Is NPKI a good diversifier for JBIO?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/jbio-vs-npki.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbio-vs-npki/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBIO correlations · NPKI correlations
