NAKA vs XLO: Correlation
Measured on weekly returns over the past three years, Nakamoto Inc. (NAKA) and Xilio Therapeutics, Inc. (XLO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAKA and XLO?
On 3 years of weekly data the NAKA/XLO correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 7284.5 %².
By 3-year correlation, XLO places #9 of the 17 assets tracked against NAKA. Their recent paths diverged sharply: over the last 12 months XLO outperformed by 90.9 percentage points (-96.9% for NAKA against -6.0% for XLO). One caveat on sizing: NAKA is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XLO: side by side
| NAKA (Nakamoto Inc.) | XLO (Xilio Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -96.9% | -6.0% |
| 5-year return | n/a | -96.0% |
| Volatility (ann.) | 231.2% | 96.4% |
| Beta vs S&P 500 | 4.09 | -0.07 |
| Max drawdown (3Y) | -99.7% | -82.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAKA | XLO |
|---|---|---|
| 2022 | – | -83.2% |
| 2023 | – | -79.6% |
| 2024 | – | +73.6% |
| 2025 | -71.7% | -33.0% |
| 2026 | -44.9% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAKA and XLO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NAKA and XLO?
The NAKA/XLO correlation stands at 0.37 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XLO a good diversifier for NAKA?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-xlo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/naka-vs-xlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NAKA correlations · XLO correlations
