MI vs ONCO: Correlation
How closely do NFT Limited Class A (MI) and Onconetix, Inc. (ONCO) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MI and ONCO?
On 3 years of weekly data the MI/ONCO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.25 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -158472.8 %².
Among the 32 assets we track against MI, ONCO ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MI outperformed by 89.3 percentage points (-10.3% for MI against -99.6% for ONCO). Risk is not evenly split, since MI carries 30.6 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.
MI vs ONCO: side by side
| MI (NFT Limited Class A) | ONCO (Onconetix, Inc.) | |
|---|---|---|
| 1-year return | -10.3% | -99.6% |
| 5-year return | -99.5% | -100.0% |
| Volatility (ann.) | 4443.9% | 145.0% |
| Beta vs S&P 500 | 8.21 | 1.80 |
| Max drawdown (3Y) | -98.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MI | ONCO |
|---|---|---|
| 2022 | -86.4% | – |
| 2023 | -66.2% | -82.0% |
| 2024 | -61.9% | -92.0% |
| 2025 | +13.3% | -97.1% |
| 2026 | -28.9% | -99.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MI and ONCO good diversifiers for each other?
Yes. With a correlation of -0.25, MI and ONCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MI and ONCO?
The MI/ONCO correlation stands at -0.25 on a 3-year window (1 year: -0.50, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is ONCO a good diversifier for MI?
Yes. With a correlation of -0.25, MI and ONCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/mi-vs-onco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mi-vs-onco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MI correlations · ONCO correlations
