JYD vs MI: Correlation
Measured on weekly returns over the past three years, Jayud Global Logistics Limited - Class A (JYD) and NFT Limited Class A (MI) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JYD and MI?
On 3 years of weekly data the JYD/MI correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.66 versus -0.36 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -217865.1 %².
MI is close to the least connected end of JYD's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months MI outperformed by 79.2 percentage points (-89.5% for JYD against -10.3% for MI). One caveat on sizing: MI is 32.5 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.
JYD vs MI: side by side
| JYD (Jayud Global Logistics Limited - Class A) | MI (NFT Limited Class A) | |
|---|---|---|
| 1-year return | -89.5% | -10.3% |
| 5-year return | n/a | -99.5% |
| Volatility (ann.) | 136.8% | 4443.9% |
| Beta vs S&P 500 | 1.58 | 8.21 |
| Max drawdown (3Y) | -99.8% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JYD | MI |
|---|---|---|
| 2022 | – | -86.4% |
| 2023 | – | -66.2% |
| 2024 | +188.3% | -61.9% |
| 2025 | -96.9% | +13.3% |
| 2026 | -81.5% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JYD and MI good diversifiers for each other?
Yes. With a correlation of -0.36, JYD and MI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JYD and MI?
As of 2026-08-27, the correlation of weekly returns between JYD and MI is -0.36 over 3 years, -0.66 over 1 year and n/a over 5 years.
Is MI a good diversifier for JYD?
Yes. With a correlation of -0.36, JYD and MI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jyd-vs-mi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jyd-vs-mi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JYD correlations · MI correlations
