NRXP vs RKTO: Correlation
Measured on weekly returns over the past three years, NRX Pharmaceuticals, Inc. (NRXP) and Rocket One Inc. (RKTO) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXP and RKTO?
Over the past 3 years, NRXP and RKTO moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 6775.5 %².
RKTO is one of the assets that tracks NRXP most closely: it ranks #1 out of the 17 assets we track against NRXP. The last year tells two different stories: NRXP led by 80.6 percentage points, +40.3% for NRXP against -40.3% for RKTO.
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.
NRXP vs RKTO: side by side
| NRXP (NRX Pharmaceuticals, Inc.) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +40.3% | -40.3% |
| 5-year return | -97.5% | -97.7% |
| Volatility (ann.) | 112.5% | 135.8% |
| Beta vs S&P 500 | 1.30 | 0.30 |
| Max drawdown (3Y) | -83.5% | -81.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRXP | RKTO |
|---|---|---|
| 2022 | -76.8% | -52.7% |
| 2023 | -58.6% | -81.5% |
| 2024 | -52.2% | -48.1% |
| 2025 | +23.2% | +32.4% |
| 2026 | +33.6% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXP and RKTO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NRXP and RKTO?
As of 2026-08-27, the correlation of weekly returns between NRXP and RKTO is 0.44 over 3 years, 0.52 over 1 year and 0.28 over 5 years.
Is RKTO a good diversifier for NRXP?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: NRXP correlations · RKTO correlations
