NNBR vs XELB: Correlation
How closely do NN, Inc. (NNBR) and Xcel Brands, Inc (XELB) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNBR and XELB?
Across a 3-year window, the weekly returns of NNBR and XELB correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 2348.7 %².
Out of 11 assets tracked against NNBR, XELB lands near the bottom at #8. The last year tells two different stories: NNBR led by 70.5 percentage points, +40.0% for NNBR against -30.5% for XELB.
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.
NNBR vs XELB: side by side
| NNBR (NN, Inc.) | XELB (Xcel Brands, Inc) | |
|---|---|---|
| 1-year return | +40.0% | -30.5% |
| 5-year return | -34.0% | -94.9% |
| Volatility (ann.) | 76.0% | 86.2% |
| Beta vs S&P 500 | 2.49 | 1.33 |
| Max drawdown (3Y) | -77.8% | -95.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNBR | XELB |
|---|---|---|
| 2022 | -63.4% | -35.8% |
| 2023 | +166.7% | +84.2% |
| 2024 | -18.3% | -60.1% |
| 2025 | -60.9% | -79.0% |
| 2026 | +178.9% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNBR and XELB good diversifiers for each other?
Reasonably. At 0.36, NNBR and XELB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NNBR and XELB?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.43 over the last year and 0.29 over 5 years.
Is XELB a good diversifier for NNBR?
Reasonably. At 0.36, NNBR and XELB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/nnbr-vs-xelb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nnbr-vs-xelb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NNBR correlations · XELB correlations
