NRDY vs NXTT: Correlation
Nerdy Inc. (NRDY) and Next Technology Holding Inc. (NXTT) show a very strong relationship: their 3-year correlation of weekly returns is 0.98.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRDY and NXTT?
On 3 years of weekly data the NRDY/NXTT correlation comes out at 0.98, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.98 lands near the 3-year figure. The 5-year figure is 0.98, and annualized covariance runs at 8268714.6 %².
In NRDY's tracked universe of 10 assets, NXTT sits right near the top at #3. Correlation aside, the last 12 months split them widely, with NRDY ahead by 755.3 points (+661.0% versus -94.3%). One caveat on sizing: NXTT is 7.0 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.
NRDY vs NXTT: side by side
| NRDY (Nerdy Inc.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | +661.0% | -94.3% |
| 5-year return | +3.8% | -100.0% |
| Volatility (ann.) | 1097.1% | 7704.0% |
| Beta vs S&P 500 | 2.74 | 8.14 |
| Max drawdown (3Y) | -94.2% | -100.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRDY | NXTT |
|---|---|---|
| 2022 | -50.0% | – |
| 2023 | +52.4% | -93.9% |
| 2024 | -52.8% | -36.6% |
| 2025 | -35.8% | -98.8% |
| 2026 | +895.2% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRDY and NXTT good diversifiers for each other?
No. With a correlation of 0.98, NRDY and NXTT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NRDY and NXTT?
Using weekly returns as of 2026-08-27: 0.98 over 3 years, with 0.98 over the last year and 0.98 over 5 years.
Is NXTT a good diversifier for NRDY?
No. With a correlation of 0.98, NRDY and NXTT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.98 mean?
A reading of 0.98 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/nrdy-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrdy-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRDY correlations · NXTT correlations
