NAKA vs TAOP: Correlation
How closely do Nakamoto Inc. (NAKA) and Taoping Inc. (TAOP) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAKA and TAOP?
Across a 3-year window, the weekly returns of NAKA and TAOP correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.36 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 8502.1 %².
Within NAKA's tracked universe of 17 assets, TAOP comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TAOP ahead by 32.1 points (-96.9% versus -64.8%). Risk is not evenly split, since NAKA carries 2.4 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.
NAKA vs TAOP: side by side
| NAKA (Nakamoto Inc.) | TAOP (Taoping Inc.) | |
|---|---|---|
| 1-year return | -96.9% | -64.8% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 231.2% | 96.5% |
| Beta vs S&P 500 | 4.09 | 1.51 |
| Max drawdown (3Y) | -99.7% | -99.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAKA | TAOP |
|---|---|---|
| 2022 | – | -65.6% |
| 2023 | – | -77.7% |
| 2024 | – | -71.0% |
| 2025 | -71.7% | -88.9% |
| 2026 | -44.9% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAKA and TAOP good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NAKA and TAOP?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.22 over the last year and n/a over 5 years.
Is TAOP a good diversifier for NAKA?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/naka-vs-taop.json
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Related comparisons
Hubs: NAKA correlations · TAOP correlations
