NUWE vs STI: Correlation
Nuwellis, Inc. (NUWE) and Solidion Technology, Inc. (STI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUWE and STI?
On 3 years of weekly data the NUWE/STI correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.26 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -16873.6 %².
Out of 12 assets tracked against NUWE, STI lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months STI outperformed by 244.9 percentage points (-99.5% for NUWE against +145.4% for STI). Risk is not evenly split, since STI carries 3.2 times the volatility of the other side.
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.
NUWE vs STI: side by side
| NUWE (Nuwellis, Inc.) | STI (Solidion Technology, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +145.4% |
| 5-year return | -100.0% | -98.5% |
| Volatility (ann.) | 141.6% | 458.4% |
| Beta vs S&P 500 | 1.66 | -1.02 |
| Max drawdown (3Y) | -100.0% | -99.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUWE | STI |
|---|---|---|
| 2022 | -90.6% | – |
| 2023 | -94.6% | -24.1% |
| 2024 | -94.5% | -90.9% |
| 2025 | -96.3% | -79.7% |
| 2026 | -98.4% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUWE and STI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NUWE and STI?
The NUWE/STI correlation stands at -0.26 on a 3-year window (1 year: -0.49, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is STI a good diversifier for NUWE?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nuwe-vs-sti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nuwe-vs-sti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NUWE correlations · STI correlations
