NOC vs UPXI: Correlation
Measured on weekly returns over the past three years, Northrop Grumman (NOC) and Upexi, Inc. (UPXI) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOC and UPXI?
Over the past 3 years, NOC and UPXI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.26 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2511.9 %².
Among the 30 assets we track against NOC, UPXI sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months NOC outperformed by 80.3 percentage points (-5.6% for NOC against -85.9% for UPXI). One caveat on sizing: UPXI is 13.6 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.
NOC vs UPXI: side by side
| NOC (Northrop Grumman) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | -85.9% |
| 5-year return | +60.1% | -98.9% |
| Volatility (ann.) | 26.7% | 364.4% |
| Beta vs S&P 500 | 0.24 | 5.11 |
| Max drawdown (3Y) | -35.1% | -98.5% |
| Market cap | $77.4B | $0.1B |
| P/E (trailing) | 17.5 | 2.0 |
| Dividend yield | 1.71% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | NOC | UPXI |
|---|---|---|
| 2022 | +43.0% | -25.4% |
| 2023 | -12.8% | -61.3% |
| 2024 | +1.9% | -84.9% |
| 2025 | +23.6% | -52.1% |
| 2026 | -3.7% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOC and UPXI good diversifiers for each other?
Yes. With a correlation of -0.26, NOC and UPXI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NOC and UPXI?
As of 2026-08-27, the correlation of weekly returns between NOC and UPXI is -0.26 over 3 years, 0.01 over 1 year and -0.19 over 5 years.
Is UPXI a good diversifier for NOC?
Yes. With a correlation of -0.26, NOC and UPXI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: NOC correlations · UPXI correlations
