MI vs NXXT: Correlation
NFT Limited Class A (MI) and NextNRG, Inc. (NXXT) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MI and NXXT?
Over the past 3 years, MI and NXXT moved with a correlation of 0.77, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.89 versus 0.77 over 3 years. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 539441.7 %².
In MI's tracked universe of 32 assets, NXXT sits right near the top at #3. The last year tells two different stories: MI led by 76.3 percentage points, -10.3% for MI against -86.6% for NXXT. Note the risk asymmetry: MI runs 28.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MI vs NXXT: side by side
| MI (NFT Limited Class A) | NXXT (NextNRG, Inc.) | |
|---|---|---|
| 1-year return | -10.3% | -86.6% |
| 5-year return | -99.5% | -99.7% |
| Volatility (ann.) | 4443.9% | 157.3% |
| Beta vs S&P 500 | 8.21 | 1.37 |
| Max drawdown (3Y) | -98.5% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MI | NXXT |
|---|---|---|
| 2022 | -86.4% | -79.6% |
| 2023 | -66.2% | -27.8% |
| 2024 | -61.9% | -23.6% |
| 2025 | +13.3% | -53.2% |
| 2026 | -28.9% | -83.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MI and NXXT good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MI and NXXT?
As of 2026-08-27, the correlation of weekly returns between MI and NXXT is 0.77 over 3 years, 0.89 over 1 year and 0.66 over 5 years.
Is NXXT a good diversifier for MI?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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/mi-vs-nxxt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mi-vs-nxxt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MI correlations · NXXT correlations
