NABL vs XTNT: Correlation
How closely do N-able, Inc. (NABL) and Xtant Medical Holdings, Inc. (XTNT) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NABL and XTNT?
Over the past 3 years, NABL and XTNT moved with a correlation of 0.33, which is moderate. The past 12 months show a tighter link (0.47) than the 3-year average (0.33). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 1015.5 %².
Within NABL's tracked universe of 13 assets, XTNT comes in at #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -50.5% for NABL and -45.9% for XTNT.
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.
NABL vs XTNT: side by side
| NABL (N-able, Inc.) | XTNT (Xtant Medical Holdings, Inc.) | |
|---|---|---|
| 1-year return | -50.5% | -45.9% |
| 5-year return | -69.9% | -73.6% |
| Volatility (ann.) | 49.3% | 62.9% |
| Beta vs S&P 500 | 0.78 | 0.93 |
| Max drawdown (3Y) | -80.4% | -77.7% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NABL | XTNT |
|---|---|---|
| 2022 | -7.4% | +17.9% |
| 2023 | +28.9% | +71.2% |
| 2024 | -29.5% | -61.1% |
| 2025 | -19.9% | +77.3% |
| 2026 | -47.2% | -57.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NABL and XTNT good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NABL and XTNT?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.47 over the last year and 0.24 over 5 years.
Is XTNT a good diversifier for NABL?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/nabl-vs-xtnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nabl-vs-xtnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NABL correlations · XTNT correlations
