NAUT vs TOP: Correlation
Nautilus Biotechnology, Inc. (NAUT) and TOP Financial Group Limited - Class A (TOP) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAUT and TOP?
Over the past 3 years, NAUT and TOP moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.31 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -5179.2 %².
Among the 10 assets we track against NAUT, TOP sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1189.3 percentage points (+28.6% for NAUT against +1217.9% for TOP). One caveat on sizing: TOP is 3.2 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.
NAUT vs TOP: side by side
| NAUT (Nautilus Biotechnology, Inc.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | +28.6% | +1217.9% |
| 5-year return | -88.5% | -9.2% |
| Volatility (ann.) | 72.5% | 230.2% |
| Beta vs S&P 500 | 1.36 | 1.60 |
| Max drawdown (3Y) | -83.8% | -89.6% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAUT | TOP |
|---|---|---|
| 2022 | -65.3% | – |
| 2023 | +66.1% | -22.5% |
| 2024 | -43.8% | -59.5% |
| 2025 | +16.1% | -34.3% |
| 2026 | -53.6% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAUT and TOP good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NAUT and TOP?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.52 over the last year and -0.04 over 5 years.
Is TOP a good diversifier for NAUT?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/naut-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/naut-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NAUT correlations · TOP correlations
