NPCE vs SKY: Correlation
Neuropace, Inc. (NPCE) and Champion Homes, Inc. (SKY) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPCE and SKY?
Over the past 3 years, NPCE and SKY moved with a correlation of 0.35, which is moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.35). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1101.5 %².
Within NPCE's tracked universe of 11 assets, SKY comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NPCE outperformed by 38.6 percentage points (+59.1% for NPCE against +20.5% for SKY). One caveat on sizing: NPCE is 1.5 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.
NPCE vs SKY: side by side
| NPCE (Neuropace, Inc.) | SKY (Champion Homes, Inc.) | |
|---|---|---|
| 1-year return | +59.1% | +20.5% |
| 5-year return | -32.7% | +41.8% |
| Volatility (ann.) | 69.9% | 45.3% |
| Beta vs S&P 500 | 0.85 | 1.01 |
| Max drawdown (3Y) | -66.3% | -44.6% |
| Market cap | $0.5B | $4.9B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NPCE | SKY |
|---|---|---|
| 2022 | -85.2% | -34.8% |
| 2023 | +591.9% | +44.2% |
| 2024 | +8.5% | +18.6% |
| 2025 | +38.0% | -4.1% |
| 2026 | -8.5% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPCE and SKY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NPCE and SKY?
As of 2026-08-27, the correlation of weekly returns between NPCE and SKY is 0.35 over 3 years, 0.59 over 1 year and 0.26 over 5 years.
Is SKY a good diversifier for NPCE?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/npce-vs-sky.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/npce-vs-sky/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NPCE correlations · SKY correlations
