NSTS vs TRUG: Correlation
Measured on weekly returns over the past three years, NSTS Bancorp, Inc. (NSTS) and TruGolf Holdings, Inc. (TRUG) 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 NSTS and TRUG?
On 3 years of weekly data the NSTS/TRUG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.22). The 5-year figure is -0.21, and annualized covariance runs at -468.1 %².
Among the 15 assets we track against NSTS, TRUG sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months NSTS outperformed by 116.5 percentage points (+17.9% for NSTS against -98.6% for TRUG). One caveat on sizing: TRUG is 6.0 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.
NSTS vs TRUG: side by side
| NSTS (NSTS Bancorp, Inc.) | TRUG (TruGolf Holdings, Inc.) | |
|---|---|---|
| 1-year return | +17.9% | -98.6% |
| 5-year return | +11.4% | -100.0% |
| Volatility (ann.) | 19.0% | 114.0% |
| Beta vs S&P 500 | 0.01 | 0.84 |
| Max drawdown (3Y) | -18.5% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NSTS | TRUG |
|---|---|---|
| 2022 | – | +8.1% |
| 2023 | -6.1% | +9.7% |
| 2024 | +24.1% | -94.2% |
| 2025 | +9.7% | -97.8% |
| 2026 | +8.3% | -91.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSTS and TRUG 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 NSTS and TRUG?
The NSTS/TRUG correlation stands at -0.22 on a 3-year window (1 year: -0.34, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is TRUG a good diversifier for NSTS?
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?
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.
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Related comparisons
Hubs: NSTS correlations · TRUG correlations
