NRXP vs TSN: Correlation
Measured on weekly returns over the past three years, NRX Pharmaceuticals, Inc. (NRXP) and Tyson Foods (TSN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXP and TSN?
Across a 3-year window, the weekly returns of NRXP and TSN correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.15, with an annualized covariance of -563.1 %².
Among the 17 assets we track against NRXP, TSN ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRXP outperformed by 40.6 percentage points (+40.3% for NRXP against -0.3% for TSN). Note the risk asymmetry: NRXP runs 4.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TSN: side by side
| NRXP (NRX Pharmaceuticals, Inc.) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +40.3% | -0.3% |
| 5-year return | -97.5% | -17.3% |
| Volatility (ann.) | 112.5% | 22.8% |
| Beta vs S&P 500 | 1.30 | 0.19 |
| Max drawdown (3Y) | -83.5% | -20.3% |
| Market cap | $0.2B | $19.5B |
| P/E (trailing) | – | 35.0 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | NRXP | TSN |
|---|---|---|
| 2022 | -76.8% | -26.9% |
| 2023 | -58.6% | -10.4% |
| 2024 | -52.2% | +10.5% |
| 2025 | +23.2% | +5.7% |
| 2026 | +33.6% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXP and TSN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRXP and TSN?
The NRXP/TSN correlation stands at -0.22 on a 3-year window (1 year: -0.09, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is TSN a good diversifier for NRXP?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/nrxp-vs-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrxp-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRXP correlations · TSN correlations
