NSLR vs STX: Correlation
How closely do Neostellar Capital Corp. - Closed End Fund (NSLR) and Seagate Technology (STX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSLR and STX?
On 3 years of weekly data the NSLR/STX correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 903.6 %².
Among the 11 assets we track against NSLR, STX ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STX ahead by 389.5 points (+21.3% versus +410.8%).
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.
NSLR vs STX: side by side
| NSLR (Neostellar Capital Corp. - Closed End Fund) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | +21.3% | +410.8% |
| 5-year return | +4.6% | +1032.5% |
| Volatility (ann.) | 45.0% | 51.3% |
| Beta vs S&P 500 | 0.97 | 1.97 |
| Max drawdown (3Y) | -35.6% | -40.0% |
| Market cap | $0.3B | $192.0B |
| P/E (trailing) | 2.5 | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NSLR | STX |
|---|---|---|
| 2022 | -70.3% | -51.4% |
| 2023 | +3.7% | +69.1% |
| 2024 | +49.2% | +4.1% |
| 2025 | +69.9% | +225.3% |
| 2026 | +9.0% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSLR and STX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NSLR and STX?
As of 2026-08-27, the correlation of weekly returns between NSLR and STX is 0.39 over 3 years, 0.49 over 1 year and 0.41 over 5 years.
Is STX a good diversifier for NSLR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/nslr-vs-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nslr-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NSLR correlations · STX correlations
