NEE vs NEUP: Correlation
NextEra Energy (NEE) and Neuphoria Therapeutics Inc. (NEUP) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEE and NEUP?
Over the past 3 years, NEE and NEUP moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.22) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1072.4 %².
Out of 29 assets tracked against NEE, NEUP lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months NEE outperformed by 79.3 percentage points (+16.2% for NEE against -63.1% for NEUP). Risk is not evenly split, since NEUP carries 5.9 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.
NEE vs NEUP: side by side
| NEE (NextEra Energy) | NEUP (Neuphoria Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +16.2% | -63.1% |
| 5-year return | +12.9% | -97.9% |
| Volatility (ann.) | 26.5% | 155.4% |
| Beta vs S&P 500 | 0.28 | 1.23 |
| Max drawdown (3Y) | -28.8% | -95.7% |
| Market cap | $174.1B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | NEE | NEUP |
|---|---|---|
| 2022 | -8.5% | -62.9% |
| 2023 | -25.3% | -68.2% |
| 2024 | +21.5% | -80.7% |
| 2025 | +15.5% | +13.1% |
| 2026 | +5.4% | -2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEE and NEUP good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NEE and NEUP?
As of 2026-08-27, the correlation of weekly returns between NEE and NEUP is -0.26 over 3 years, 0.22 over 1 year and -0.15 over 5 years.
Is NEUP a good diversifier for NEE?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/nee-vs-neup.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nee-vs-neup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEE correlations · NEUP correlations
