KPRX vs NMAI: Correlation
Measured on weekly returns over the past three years, Kiora Pharmaceuticals, Inc. (KPRX) and Nuveen Multi-Asset Income Fund (NMAI) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KPRX and NMAI?
On 3 years of weekly data the KPRX/NMAI correlation comes out at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.33 over 3 years. The 5-year figure is 0.14, and annualized covariance runs at 282.2 %².
By 3-year correlation, NMAI places #6 of the 11 assets tracked against KPRX. Their recent paths diverged sharply: over the last 12 months NMAI outperformed by 32.5 percentage points (-7.0% for KPRX against +25.5% for NMAI). One caveat on sizing: KPRX is 4.3 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.
KPRX vs NMAI: side by side
| KPRX (Kiora Pharmaceuticals, Inc.) | NMAI (Nuveen Multi-Asset Income Fund) | |
|---|---|---|
| 1-year return | -7.0% | +25.5% |
| 5-year return | -99.6% | +36.4% |
| Volatility (ann.) | 60.9% | 14.2% |
| Beta vs S&P 500 | 1.09 | 0.68 |
| Max drawdown (3Y) | -76.5% | -13.0% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KPRX | NMAI |
|---|---|---|
| 2022 | -94.3% | -26.4% |
| 2023 | -84.8% | +19.5% |
| 2024 | -29.8% | +11.7% |
| 2025 | -40.3% | +20.0% |
| 2026 | +35.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPRX and NMAI good diversifiers for each other?
Reasonably. At 0.33, KPRX and NMAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KPRX and NMAI?
The KPRX/NMAI correlation stands at 0.33 on a 3-year window (1 year: 0.45, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is NMAI a good diversifier for KPRX?
Reasonably. At 0.33, KPRX and NMAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kprx-vs-nmai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kprx-vs-nmai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KPRX correlations · NMAI correlations
