NIXX vs XEL: Correlation
How closely do Nixxy, Inc. (NIXX) and Xcel Energy (XEL) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIXX and XEL?
Across a 3-year window, the weekly returns of NIXX and XEL correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.29). Stretching to 5 years gives -0.19, with an annualized covariance of -756.3 %².
Out of 10 assets tracked against NIXX, XEL lands near the bottom at #9. The last year tells two different stories: XEL led by 68.4 percentage points, -59.2% for NIXX against +9.2% for XEL. Note the risk asymmetry: NIXX runs 6.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NIXX vs XEL: side by side
| NIXX (Nixxy, Inc.) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | -59.2% | +9.2% |
| 5-year return | -98.9% | +31.1% |
| Volatility (ann.) | 123.9% | 20.7% |
| Beta vs S&P 500 | 0.15 | 0.09 |
| Max drawdown (3Y) | -91.9% | -24.0% |
| Market cap | – | $48.2B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | NIXX | XEL |
|---|---|---|
| 2022 | -84.0% | +6.4% |
| 2023 | -75.8% | -8.7% |
| 2024 | +246.1% | +12.3% |
| 2025 | -81.7% | +13.9% |
| 2026 | -32.4% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIXX and XEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between NIXX and XEL?
As of 2026-08-27, the correlation of weekly returns between NIXX and XEL is -0.29 over 3 years, -0.15 over 1 year and -0.19 over 5 years.
Is XEL a good diversifier for NIXX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nixx-vs-xel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nixx-vs-xel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NIXX correlations · XEL correlations
