NEOV vs O: Correlation
Measured on weekly returns over the past three years, NeoVolta Inc. (NEOV) and Realty Income (O) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEOV and O?
Over the past 3 years, NEOV and O moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -345.7 %².
O is close to the least connected end of NEOV's tracked universe, ranking #10 of 14. The trailing year gives O the advantage: +1.4% versus +11.3%, a 9.9-point spread. Risk is not evenly split, since NEOV carries 6.4 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.
NEOV vs O: side by side
| NEOV (NeoVolta Inc.) | O (Realty Income) | |
|---|---|---|
| 1-year return | +1.4% | +11.3% |
| 5-year return | -45.4% | +14.5% |
| Volatility (ann.) | 111.0% | 17.3% |
| Beta vs S&P 500 | 1.32 | 0.21 |
| Max drawdown (3Y) | -79.4% | -19.3% |
| Market cap | $0.2B | $58.5B |
| P/E (trailing) | – | 45.4 |
| Dividend yield | 0.00% | 5.20% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NEOV | O |
|---|---|---|
| 2022 | -60.2% | -7.4% |
| 2023 | -42.7% | -4.5% |
| 2024 | +225.6% | -2.1% |
| 2025 | -41.7% | +12.2% |
| 2026 | +16.8% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEOV and O good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NEOV and O?
The NEOV/O correlation stands at -0.18 on a 3-year window (1 year: -0.28, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is O a good diversifier for NEOV?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/neov-vs-o.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/neov-vs-o/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NEOV correlations · O correlations
