NAMS vs PYXS: Correlation
Measured on weekly returns over the past three years, NewAmsterdam Pharma Company N.V. (NAMS) and Pyxis Oncology, Inc. (PYXS) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAMS and PYXS?
Over the past 3 years, NAMS and PYXS moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 3677.0 %².
Within NAMS's tracked universe of 11 assets, PYXS comes in at #6 by 3-year correlation. The last year tells two different stories: PYXS led by 134.6 percentage points, +9.5% for NAMS against +144.1% for PYXS. Risk is not evenly split, since PYXS carries 1.6 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.
NAMS vs PYXS: side by side
| NAMS (NewAmsterdam Pharma Company N.V.) | PYXS (Pyxis Oncology, Inc.) | |
|---|---|---|
| 1-year return | +9.5% | +144.1% |
| 5-year return | +177.3% | -74.8% |
| Volatility (ann.) | 74.2% | 120.2% |
| Beta vs S&P 500 | 1.73 | 1.51 |
| Max drawdown (3Y) | -45.4% | -86.7% |
| Market cap | $3.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAMS | PYXS |
|---|---|---|
| 2022 | +11.8% | -87.8% |
| 2023 | +2.5% | +34.3% |
| 2024 | +130.1% | -13.3% |
| 2025 | +36.5% | -26.3% |
| 2026 | -23.6% | +188.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAMS and PYXS good diversifiers for each other?
Reasonably. At 0.41, NAMS and PYXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NAMS and PYXS?
As of 2026-08-27, the correlation of weekly returns between NAMS and PYXS is 0.41 over 3 years, 0.57 over 1 year and 0.28 over 5 years.
Is PYXS a good diversifier for NAMS?
Reasonably. At 0.41, NAMS and PYXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/nams-vs-pyxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nams-vs-pyxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NAMS correlations · PYXS correlations
