JWEL vs NXTT: Correlation
How closely do Jowell Global Ltd. (JWEL) and Next Technology Holding Inc. (NXTT) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JWEL and NXTT?
On 3 years of weekly data the JWEL/NXTT correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.39). The 5-year figure is 0.33, and annualized covariance runs at 372206.7 %².
Within JWEL's tracked universe of 10 assets, NXTT comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JWEL outperformed by 115.9 percentage points (+21.6% for JWEL against -94.3% for NXTT). Risk is not evenly split, since NXTT carries 62.9 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.
JWEL vs NXTT: side by side
| JWEL (Jowell Global Ltd.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -94.3% |
| 5-year return | -97.2% | -100.0% |
| Volatility (ann.) | 122.5% | 7704.0% |
| Beta vs S&P 500 | 1.34 | 8.14 |
| Max drawdown (3Y) | -81.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JWEL | NXTT |
|---|---|---|
| 2022 | -98.1% | – |
| 2023 | -67.8% | -93.9% |
| 2024 | +44.9% | -36.6% |
| 2025 | -25.8% | -98.8% |
| 2026 | +2.6% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JWEL and NXTT good diversifiers for each other?
Reasonably. At 0.39, JWEL and NXTT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JWEL and NXTT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.70 over the last year and 0.33 over 5 years.
Is NXTT a good diversifier for JWEL?
Reasonably. At 0.39, JWEL and NXTT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/jwel-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jwel-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JWEL correlations · NXTT correlations
