NAKA vs TNMG: Correlation
Nakamoto Inc. (NAKA) and TNL Mediagene (TNMG) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAKA and TNMG?
On 3 years of weekly data the NAKA/TNMG correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.42 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 14033.5 %².
By 3-year correlation, TNMG places #6 of the 17 assets tracked against NAKA. Neither side won the trailing year by much: -96.9% against -94.1%. Note the risk asymmetry: NAKA runs 1.8 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.
NAKA vs TNMG: side by side
| NAKA (Nakamoto Inc.) | TNMG (TNL Mediagene) | |
|---|---|---|
| 1-year return | -96.9% | -94.1% |
| 5-year return | n/a | -99.7% |
| Volatility (ann.) | 231.2% | 126.7% |
| Beta vs S&P 500 | 4.09 | 2.05 |
| Max drawdown (3Y) | -99.7% | -99.9% |
| 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 | TNMG |
|---|---|---|
| 2023 | – | +4.9% |
| 2024 | – | -26.4% |
| 2025 | -71.7% | -98.3% |
| 2026 | -44.9% | -81.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAKA and TNMG good diversifiers for each other?
Reasonably. At 0.42, NAKA and TNMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NAKA and TNMG?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is TNMG a good diversifier for NAKA?
Reasonably. At 0.42, NAKA and TNMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: NAKA correlations · TNMG correlations
