KXIN vs NLOP: Correlation
Kaixin Holdings (KXIN) and Net Lease Office Properties (NLOP) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and NLOP?
Over the past 3 years, KXIN and NLOP moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3283.8 %².
NLOP is close to the least connected end of KXIN's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with NLOP ahead by 107.5 points (-99.5% versus +8.0%). Risk is not evenly split, since KXIN carries 7.0 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.
KXIN vs NLOP: side by side
| KXIN (Kaixin Holdings) | NLOP (Net Lease Office Properties) | |
|---|---|---|
| 1-year return | -99.5% | +8.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 272.9% | 39.2% |
| Beta vs S&P 500 | 2.71 | 0.18 |
| Max drawdown (3Y) | -100.0% | -46.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | NLOP |
|---|---|---|
| 2022 | -74.3% | – |
| 2023 | -80.0% | – |
| 2024 | -97.1% | +68.9% |
| 2025 | -88.6% | +5.9% |
| 2026 | -98.1% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and NLOP good diversifiers for each other?
Yes. With a correlation of -0.30, KXIN and NLOP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KXIN and NLOP?
The KXIN/NLOP correlation stands at -0.30 on a 3-year window (1 year: -0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NLOP a good diversifier for KXIN?
Yes. With a correlation of -0.30, KXIN and NLOP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KXIN correlations · NLOP correlations
