NRDS vs QUAD: Correlation
How closely do NerdWallet, Inc. (NRDS) and Quad Graphics, Inc (QUAD) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRDS and QUAD?
Across a 3-year window, the weekly returns of NRDS and QUAD correlate at 0.48, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.48). Stretching to 5 years gives 0.40, with an annualized covariance of 1324.1 %².
By 3-year correlation, QUAD places #5 of the 12 assets tracked against NRDS. The last year tells two different stories: QUAD led by 72.7 percentage points, -7.4% for NRDS against +65.3% for QUAD.
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.
NRDS vs QUAD: side by side
| NRDS (NerdWallet, Inc.) | QUAD (Quad Graphics, Inc) | |
|---|---|---|
| 1-year return | -7.4% | +65.3% |
| 5-year return | -65.7% | +175.4% |
| Volatility (ann.) | 55.3% | 50.1% |
| Beta vs S&P 500 | 1.08 | 0.96 |
| Max drawdown (3Y) | -55.4% | -45.3% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | 10.9 | 15.3 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRDS | QUAD |
|---|---|---|
| 2022 | -38.3% | +2.0% |
| 2023 | +53.3% | +32.8% |
| 2024 | -9.6% | +33.6% |
| 2025 | +1.9% | -5.3% |
| 2026 | -28.4% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRDS and QUAD good diversifiers for each other?
Reasonably. At 0.48, NRDS and QUAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NRDS and QUAD?
The NRDS/QUAD correlation stands at 0.48 on a 3-year window (1 year: 0.35, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QUAD a good diversifier for NRDS?
Reasonably. At 0.48, NRDS and QUAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nrds-vs-quad.json
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Related comparisons
Hubs: NRDS correlations · QUAD correlations
