MTVA vs NXXT: Correlation
Measured on weekly returns over the past three years, MetaVia Inc. (MTVA) and NextNRG, Inc. (NXXT) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTVA and NXXT?
Across a 3-year window, the weekly returns of MTVA and NXXT correlate at 0.67, strong. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.67 over 3 years. Stretching to 5 years gives 0.50, with an annualized covariance of 18288.6 %².
Few assets follow MTVA as closely as NXXT, which ranks #3 of 20 tracked partners. Over the last 12 months MTVA came out ahead by 10.4 percentage points (-76.2% against -86.6%).
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.
MTVA vs NXXT: side by side
| MTVA (MetaVia Inc.) | NXXT (NextNRG, Inc.) | |
|---|---|---|
| 1-year return | -76.2% | -86.6% |
| 5-year return | -100.0% | -99.7% |
| Volatility (ann.) | 173.6% | 157.3% |
| Beta vs S&P 500 | 1.46 | 1.37 |
| Max drawdown (3Y) | -98.6% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTVA | NXXT |
|---|---|---|
| 2022 | -98.0% | -79.6% |
| 2023 | -35.6% | -27.8% |
| 2024 | -45.1% | -23.6% |
| 2025 | -62.3% | -53.2% |
| 2026 | -80.3% | -83.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTVA and NXXT good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MTVA and NXXT?
The MTVA/NXXT correlation stands at 0.67 on a 3-year window (1 year: 0.84, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is NXXT a good diversifier for MTVA?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 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/mtva-vs-nxxt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mtva-vs-nxxt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTVA correlations · NXXT correlations
